Nadia Is Conducting Research on the Use of Social Networking

question 102

Multiple Choice

Nadia is conducting research on the use of social networking sites by observing how her coworkers use these tools in the workplace. What type of data is she collecting? 

• A)Primary data 
• B)Secondary data 
• C)Online data 
• D)Questionable data

---

Definitions:

Carrying Amount

The amount at which an asset is recognized in the balance sheet after deducting any accumulated depreciation and impairment losses.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Future Years

Subsequent time periods extending beyond the current year, regarding planning, forecasting, or expectation.

Periodic Inventory System

This inventory system records the inventory at the beginning and end of an accounting period to calculate the cost of goods sold, without tracking each individual transaction.