Which of the Following Is False with Regards to REA

question 89

Multiple Choice

Which of the following is false with regards to REA models?

• A)Many financial statement accounts are represented as resources in the REA model.
• B)Accounts such as Accounts Receivable show up as entities in the REA model.
• C)Some accounts represent an imbalance between two related events in the REA model.
• D)Much of the information about an organization's assets that is traditionally recorded in ledgers is stored in resource tables in an REA-based relational database.

Identify and comprehend the core principles of positive organizational behaviour.

Analyze demographic trends and their impact on the workforce.

Recognize the importance of diversity in the workplace.

Define corporate social responsibility and its relevance to organizational behaviour.

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Definitions:

Total Revenue

The amount of money generated from sales of goods or services before any expenses are subtracted.

Variable Costs

Costs that change in proportion to the level of production or sales activities of a business.

Fixed Costs

Business expenses that remain constant regardless of the level of goods or services produced.

Unit Variable Cost

The financial outlay linked to the creation of one more unit of a product.