What Is It Called When Each Transaction, Entity, and Event

question 68

Multiple Choice

What is it called when each transaction, entity, and event is represented only once in the information?

• A) Uniqueness
• B) Accuracy
• C) Consistency
• D) Timeliness

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Definitions:

Financial Leases

Covers the entire expected life of the equipment; does not provide for maintenance service, is not cancellable, and is fully amortized.

NPV

Net Present Value; a calculation used to determine the value of a project or investment by discounting future cash flows to the present.

NAL

NAL, or Net Advantage to Leasing, is a calculation used to determine the financial benefits, if any, of leasing an asset compared to purchasing it outright.

Lease-Versus-Purchase Analysis

A financial comparison to determine whether leasing or purchasing assets is more cost-effective for a business.