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ANSI Defines Four Events That Signal the End of a Transaction.Of

question 23

Multiple Choice

ANSI defines four events that signal the end of a transaction.Of the following events,which is defined by ANSI as being equivalent to a ROLLBACK?


Definitions:

Retained Earnings

The portion of a company's accumulated net income that is not distributed to shareholders as dividends but is kept as reserves for reinvestment in the business operations.

Stock Dividend

A payment made by a corporation to its shareholders in the form of additional shares, rather than cash.

Fair Value

An estimate of the price at which an asset could be bought or sold in a current transaction between willing parties, not in a forced or liquidation sale.

Market Price

The current price at which an asset or service can be bought or sold in a competitive marketplace.

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