If a Customer Can Be Offered Many Seminars and Each

question 65

True/False

If a customer can be offered many seminars and each seminar is offered to many customers, there is a many-to-many relationship between customers and seminars.

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Definitions:

Cash

Currency and coins, plus bank balances, that are readily available for use in transactions and other financial operations.

Income Statement

A financial statement that shows a company's revenue and expenses over a particular period, illustrating how net income or net loss was achieved.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest of shareholders or proprietors.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.