When Comparing REA Diagrams Used to Design an AIS with a Traditionally

question 82

Multiple Choice

When comparing REA diagrams used to design an AIS with a traditionally designed AIS,

• A)traditional AIS information,such as journals and ledgers no longer exist.
• B)similar information is present as in a traditional AIS,but stored in a different format.
• C)queries are used to input data into the AIS.
• D)an REA designed AIS cannot recreate a traditional journal.

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Definitions:

Income Distributions

Payments made from a fund or an entity to its shareholders, often derived from interest or dividend income.

NAV

Net Asset Value, the total value of a fund's assets minus its liabilities, often used to price each share of a mutual fund or ETF.

Capital Gain Distributions

Payments made to mutual fund shareholders from the fund's sale of securities that result in a capital gain.

Income Distributions

Income distributions refer to the payment of earnings, interests, dividends, or other income, from an investment or fund to its shareholders or investors.