Which of Following Terms Would Be Associated with Data and Not

question 74

Multiple Choice

Which of following terms would be associated with data and not with information?

• A) raw
• B) ordered
• C) analyzed
• D) processed

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Definitions:

Carrying Amount

The net value of an asset or liability according to a company’s financial statements, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Supplies Account

An account used to track the cost of supplies consumed during a period or the supplies on hand at the end of a period.

Adjusting Entry

A journal entry made at the end of an accounting period to update the ledger for revenues and expenses that have been earned or incurred but not yet recorded.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset, reducing its carrying value on the balance sheet over time.