The Terms "Parent Record," "Child Record," and "Sibling Record" Describe

question 75

Multiple Choice

The terms "parent record," "child record," and "sibling record" describe the records in a:

• A)Hierarchical database
• B)Network database
• C)Relational database
• D)Flat file

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Definitions:

Investing Activities

Transactions involving the purchase and sale of long-term assets and investments, which are recorded in the investing section of the cash flow statement.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Long-lived Assets

Assets that are expected to provide economic benefits over a period longer than one year, such as buildings or machinery.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the premium paid over the fair value of the identifiable assets and liabilities.