An Attribute of an Entity That Is Computed Is A(n)

question 58

Multiple Choice

An attribute of an entity that is computed is a(n) :

• A) optional attribute.
• B) composite attribute.
• C) derived attribute.
• D) fuzzy attribute.

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Definitions:

Amortization

The process of spreading the cost of an intangible asset over its useful life.

Premium on Bonds Payable

A situation where bonds are sold above their face value, leading to a credit balance in the premium on bonds payable account.

Journal Entry

A record in accounting that documents a business transaction, indicating the accounts and amounts debited and credited.

Contract Rate

The agreed-upon interest rate in a lending agreement, bond, or other financial contracts.