A Characteristic of Reconciled Data That Means the Data Reflect

question 35

Multiple Choice

A characteristic of reconciled data that means the data reflect an enterprise-wide view is:

• A) detailed.
• B) historical.
• C) normalized.
• D) comprehensive.

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Definitions:

Interest

The cost of borrowing money or the compensation paid for the use of money, usually expressed as an annual percentage rate.

Premium

The amount paid for an insurance policy, or the amount by which a bond or stock sells above its par value.

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, which may differ from its market value.

Amortized

The process of gradually writing off the initial cost of an asset over a period, typically the asset's useful life.