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Which of the Following Is Not One of the Three

question 64

Multiple Choice

Which of the following is not one of the three basic types of data about a specific sales transaction that should be captured by an Accounting Information System?


Definitions:

Marketable Securities

Temporary investment of “extra” cash by organizations for up to one year in U.S. Treasury bills, certificates of deposit, commercial paper, or Eurodollar loans.

Retained Earnings

Earnings after expenses and taxes that are reinvested in the assets of the firm and belong to the owners in the form of equity.

Junk Bonds

A special type of high interest rate bond that carries higher inherent risks.

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