Saying That Two Entities Are Functionally Dependent Means That ________

question 30

Multiple Choice

Saying that two entities are functionally dependent means that ________.

• A)the entities are always connected by a mathematical equation
• B)for one of the entities,if we are given the value of that entity,we can determine the value of one other entity
• C)for both of the entities,if we are given the value of that entity,we can determine the value of one other entity
• D)the functional dependency will have to be removed through normalization
• E)All of the above.

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Definitions:

Quality Of Earnings

An assessment of how accurately a company's reported income reflects its true earning capacity, and if it's indicative of its future financial performance.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in any given jurisdiction.

Net Cash

The amount of cash remaining after all operating expenses, investments, and financial obligations have been accounted for.

Equity

The amount of ownership interest in a company or property, represented by the value of shares held.