Define Each of the Following Input Controls and Give an Example

question 18

Essay

Define each of the following input controls and give an example of how they may be used:
a.Missing data check
b.Numeric/alphabetic data check
c.Limit check
d.Range check
e.Reasonableness check
f.Validity check

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Definitions:

Internal Revenue Code

The comprehensive body of tax laws and regulations in the United States, governing federal tax obligations for individuals and organizations.

Federal Income Taxes

Taxes levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Stockholders' Equity

The owners' residual interest in a corporation, represented by the difference between assets and liabilities on the balance sheet.

Investments

Assets purchased with the expectation that they will generate income or will appreciate in the future.