What Type of Data Result from Reading What Others Have

question 39

Multiple Choice

What type of data result from reading what others have experienced or observed and written down?

• A)primary data
• B)secondary data
• C)unreliable data
• D)sketchy data

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Property, Plant, and Equipment

Tangible assets used in the operation of a business, expected to provide benefits for more than one period, such as buildings and machinery.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, resulting in net profit or loss.

Balance Sheet

A financial summary showing a company's assets, liabilities, and equity from shareholders at a designated time.