If a Certain Type of Transaction Occurs with Great Frequency

question 100

Short Answer

If a certain type of transaction occurs with great frequency it is more efficient to create a ______________ to record that type of transaction.

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Definitions:

Operating Activity

Activities that constitute the primary or main activities of an organization, such as sales or services.

Investment In Subsidiary

The purchase of shares or interests in a subsidiary company by a parent company to obtain control or significant influence over the subsidiary's management and operations.

Book Value

The net value of an asset as recorded on the balance sheet, calculated as the asset's cost minus accumulated depreciation.

Affiliate's Debt Instrument

A financial security issued by an affiliate entity, representing a loan made by investors to the affiliate.