What Is a Report

question 363

Multiple Choice

What is a report?

• A)A document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information.
• B)A collection of large complex data sets, including structured and unstructured, which cannot be analyzed using traditional database methods and tools.
• C)A view of data at a particular moment in time.
• D)A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.

---

Definitions:

Voting Stock

Shares of a company that grant the shareholder voting rights in corporate decisions and elections of the board of directors.

Significant Influence

Significant influence is a term used in accounting to describe the power to participate in the financial and operating policy decisions of another company, without having full control or majority ownership.

Fair Value Method

This method involves estimating the price of an asset or liability in an orderly transaction between market participants at the measurement date.

Amortized Cost Method

An accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time, essentially reflecting the cost of the asset over its useful life or payback period.