At March 1, I

question 63

Multiple Choice

At March 1, I.Repo Inc.reported a balance in Supplies of $200.During March, the company purchased supplies for $950 and consumed supplies of $800.If no adjusting entry is made for supplies:

• A)stockholders' equity will be overstated by $800.
• B)expenses will be understated by $950.
• C)assets will be understated by $350.
• D)net income will be understated by $800.

Understand the concept and structure of tables, records, and fields in a database.

Familiarize with the tools and wizards available for database manipulation including query creation.

Comprehend the procedure and significance of database creation and initial setup.

Recognize different Access objects and their roles within the database management system.

---

Definitions:

Nonprofit Food Bank

An organization dedicated to collecting, storing, and distributing food to those in need without profit.

Daily Basis

Refers to activities or transactions that occur every day as a regular part of an operation or process.

Retail Store

A physical location where consumers can purchase goods or services directly from a business.

Market Segments

The process of dividing a target market into smaller, more defined categories of consumers who share similar characteristics and needs.