Replication Should Be Used When

question 78

Multiple Choice

Replication should be used when:

• A) data currency and timing don't matter.
• B) there is a highly heterogeneous network.
• C) there are no or few triggers.
• D) spreadsheet pages need to be linked.

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Definitions:

Elements

Fundamental components or constituents of something, often referred to in the context of abstract concepts, compounds, or a set of parts.

Qualitative Characteristics

These are the attributes that make the information provided in financial statements useful to users.

Understandability

A characteristic of financial information that makes it comprehensible to those with a reasonable knowledge of business and economic activities.

Decision Usefulness

A principle in accounting that information should help users make decisions regarding their investments, credit, and similar considerations.