What Is the Primary Difference Between an Entity and an Attribute

question 278

Multiple Choice

What is the primary difference between an entity and an attribute?

• A)an attribute is a table, an entity is a column from the attribute table
• B)an entity is specific, whereas an attribute is not data at all but brainstorming ideas that take place before the entity is created
• C)an attribute refers to applications, and an entity refers to executives
• D)an entity is a table that stores information about people, places, or events, whereas an attribute is a column or specific field of the data elements associated with an entity

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Definitions:

Intra-entity Transfer

Transactions involving assets, services, or funds between units or divisions within the same legal entity.

Consolidated Income Statement

A financial statement that presents the overall income of a corporation and its subsidiaries as a single entity.

Deferred

In finance, this term refers to transactions or events that are postponed to a future date.

Consolidated Worksheet

A tool used in the preparation of consolidated financial statements, summarizing the financial positions and operations of a parent company and its subsidiaries.