A File Created in ____ Is Called a Database and Has

question 18

Multiple Choice

A file created in ____ is called a database and has an .accdb extension.

• A) Access
• B) Outlook
• C) Groove
• D) Communicator

Identify and explain the exceptions to the parol evidence rule.

Distinguish between conditions precedent and subsequent in contract law.

Understand how electronic transactions are treated under laws related to the statute of frauds.

Understand the concept of fraudulent misrepresentation and its requirements, including intent and scienter.

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, including the balance sheet, income statement, and cash flow statement.

Chart of Accounts

A systematic listing of all accounts used in the accounting system of a company, categorizing all financial transactions.

Net Income

Represents the total earnings of a company after all expenses and taxes have been deducted from revenue.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.