Which of the Following Items Can Best Be Described as an "Agent

question 27

Short Answer

Which of the following items can best be described as an "Agent" in the REA data model?
A. Purchases.
B. Accounts payable clerk.
C. Raw material inventory.
D. None of the above is correct.

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Definitions:

Interest Payments

Interest payments are amounts paid for the use of borrowed money or for the delay in repayment of a debt.

Bond Payable

A financial instrument representing a loan made by an investor to a borrower, typically a corporate or governmental borrower, to be repaid with interest.

Interest Expense

The expense that an entity faces for borrowing money over a specific duration.

Proceeds

The total amount of money received from a sale or transaction.