A(n) ____________________ Relationship Describes When a Record from One Table

question 45

Short Answer

A(n) ____________________ relationship describes when a record from one table is related to several records in another table.

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Definitions:

Gain On Redemption

The financial benefit gained when a debt instrument, such as a bond, is redeemed before its maturity at a value higher than its book value.

Discount On Bonds Payable

The difference between the face value of bonds and their selling price when sold for less than their face value.

Contra Liability

A liability account that is used to record reductions to another liability account, effectively acting as a negative liability.

Market Rate

The current price in the marketplace at which a given asset can be bought or sold.