One of the Rules at the University Is That Students

question 13

Multiple Choice

One of the rules at the university is that students are given an ID card bearing their names.The card is not transferable and if the student loses the card, it can be replaced for a fee.In data modelling, what is the relationship between student and ID card?

• A)one to one
• B)one to many
• C)many to one
• D)many to many

Understand the perpetual inventory system and its application in accounting.

Develop skills to fill in financial statements and understand the variations through years.

Acquire the ability to prepare income statements from adjusted trial balances.

Learn the main components of an income statement for a merchandising company.

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Definitions:

Preferred Shares

A class of ownership in a corporation that has a higher claim on its assets and earnings than common shares, usually with fixed dividends.

Insolvent

A financial state in which an individual or entity can no longer meet their monetary debts as they come due.

Participating Preferred Stock

A type of preferred stock that provides its holders with dividends that exceed the stated dividend rate in certain situations, often when the company performs well.

Statutory Ratification

The process by which a legislative body formally approves an action, treaty, or agreement previously enacted or signed.