A Reasonableness Check Determines If a Value in One Field

question 71

True/False

A reasonableness check determines if a value in one field is reasonable when considered along with data in other fields of the record

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Definitions:

Sales Tax

A tax imposed by a government on the sale of goods and services, usually calculated as a percentage of the retail price.

Ordinary Repair

Expenditures to maintain the operating efficiency and expected productive life of an asset, treated as an expense.

Capitalization

The total value of all a company's outstanding shares of stock, calculated by multiplying the share price by the total number of shares.