Concerning REA Models,which of the Following Is False

question 59

Multiple Choice

Concerning REA models,which of the following is false?

• 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.

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Definitions:

Egocentric

In developmental psychology, a stage where a child is unable to differentiate between their own perspective and that of others, often occurring in early childhood.

Robert Selman

An American psychologist known for his work in understanding the development of social cognition and perspective taking in children and adolescents.

Inferiority Complex

A psychological state characterized by feelings of inadequacy and insecurity, often deriving from real or imagined shortcomings.

World as Cold

A metaphorical description of the perception that the world is lacking in warmth, kindness, or compassion.