While a University Student,you Need to Complete a Research Project

question 130

Multiple Choice

While a university student,you need to complete a research project on the beverage consumption habits of Canadians.You head into your campus library,where you have special access to research reports compiled by Financial Post,Gartner,and Deloitte.This data is called

• A)proprietary
• B)external primary
• C)external secondary
• D)internal primary

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Definitions:

Prepaid Insurance

An asset account representing insurance paid in advance, which will be expensed over the period it benefits.

Fees Earned

Income or revenue generated through providing services.

Creditor's Account

An account maintained to record transactions involving credit purchases or loans received, indicating the amount owed to suppliers or lenders.

General Journal

A fundamental bookkeeping document designed to systematically record every business transaction by date.