Which of the Following Is Considered as Information Rather Than

question 28

Multiple Choice

Which of the following is considered as information rather than mere data?

• A) a list of property prices in a neighborhood
• B) the return on investment of an advertising campaign
• C) the total number of students in a school
• D) the price of a company's shares on a given day
• E) the weight of a car

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Definitions:

Acquisition Cost

The net cash equivalent amount paid or to be paid for an asset

Residual Value

Residual value is the estimated value of a fixed asset at the end of its useful life, reflecting what it can be sold for or its salvage value.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and government entities.

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of rules and standards used in the United States for financial reporting, providing guidelines on how financial statements should be prepared and disclosed.