An Entity-Relationship Diagram

question 30

Multiple Choice

An entity-relationship diagram

• A)can represent the contents of any database.
• B)is only used in conjunction with REA models.
• C)can show a limited number of entities and relationships.
• D)is used only to design new databases.

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Definitions:

Unrealized Gains and Losses

Increases or decreases in the value of investments that have not been sold, thus not yet resulting in actual profit or loss.

IFRS 11

An International Financial Reporting Standard that deals with accounting for interests in joint arrangements, requiring parties to recognize their rights and obligations.

Non-Monetary Assets

Assets that are not in the form of cash or cannot be easily converted to cash, such as property, plant, and equipment.

Proportionately Adjusted Income Statement

An income statement where the figures reflect the proportional share of joint ventures or associates in a company's earnings.