Match the Following Elements to the Appropriate Definitions

question 31

Multiple Choice

Match the following elements to the appropriate definitions.
-Entity elements

• A)Unit of measure
• B)Numeric and nonnumeric facts
• C)Time period
• D)Defines the company or entity
• E)Unique ID for the element
• F)Explains the environment in which the data appears

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Definitions:

Adjustment

A process of making entries to account records to correct or update the financial information.

Certificates of Deposit

These are time-bound savings certificates offered by banks with a fixed maturity date and specified fixed interest rate.

Balance Sheet

A financial statement that presents a company's assets, liabilities, and equity at a specific point in time.

Cash and Cash Equivalents

Liquid assets that can be quickly turned into exact amounts of cash with very little chance of value variation over the short term.