The Identifier of the Entity Becomes the ________ of the Corresponding

question 24

Multiple Choice

The identifier of the entity becomes the ________ of the corresponding table.

• A)primary key
• B)foreign key
• C)supertype
• D)subtype
• E)either A or B

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Definitions:

Gain on Sale

The profit earned from selling an asset for more than its purchase price.

Net Realisable Value

The projected sales price under normal business operations minus the anticipated expenses to complete and the estimated costs required for the sale.

AASB 102

An Australian Accounting Standard Board regulation that specifies the accounting treatment for inventories, defining the costing methods and recognition criteria.

Inventories

Inventory held with the aim of disposal in customary business dealings, including products in the creation process intended for such deals, or as raw goods or stock for consumption in generating products or executing services.