Structured Data

question 12

Multiple Choice

Structured data:

• A)Includes data collected from transactions
• B)Easily fit into rows and columns
• C)Include accounting data
• D)All of the answers are true of structured data

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Definitions:

Deferral Method

An accounting practice where certain revenues or expenses are deferred to a future accounting period to better match revenues with expenses.

Deferred Contribution

Refers to contributions or payments that are postponed to a future date rather than being made immediately.

Net Assets

The total assets of a company or organization minus its total liabilities; an indicator of financial health.

Investment Income

Income generated from the allocation of funds into financial assets or properties expecting to gain profits.