When the Commonly Accepted Shorthand Representation Is Used to Describe

question 21

Multiple Choice

When the commonly accepted shorthand representation is used to describe a database, _____.

• A) each column name appears on its own line
• B) the first attributes from each row are listed in parentheses
• C) tables cannot contain columns with duplicate names
• D) it is always acceptable to qualify column names

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Definitions:

Unearned Revenue

Money received by a company for goods or services that have yet to be provided to the customer.

Accrued Wages

Salaries or wages that have been earned by employees but have not yet been paid by the company.

Net Income

What a company ultimately earns in profit once expenses and taxes are removed from its total income.

Adjusting Entries

Journal entries made in the accounting records to correct or update financial information before the preparation of financial statements.