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Doris Cargile Has Been Given the Responsibility to Find Ways

question 186

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Doris Cargile has been given the responsibility to find ways to store and organize the huge amount of data her firm has collected and continues to collect) over the years.Which of the following would Doris be most likely to set up to handle this responsibility?


Definitions:

Future Event

An occurrence or situation that has not yet happened but is anticipated or expected to occur in the course of business or life.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered on credit.

Revenue Recognition

A principle guiding how and when revenue is recognized in the accounting records, generally when earned and realizable.

Economic Substance

The underlying economic or commercial purpose of a transaction, which must exist for it to be recognized for tax or accounting purposes.

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