Concerning the Generation of Financial Statements from an REA-Based Relational

question 11

Multiple Choice

Concerning the generation of financial statements from an REA-based relational database,which of the following is false?

• A) It is possible to use a completed REA diagram to guide the writing of queries to produce the information that would be included in financial statements.
• B) Many financial statement items can be displayed by querying a single table.
• C) It is unnecessary to understand the REA data model to know which tables need to be included in each query to generate the correct answers to financial statement questions.
• D) A major advantage of the REA data model is that it integrates non-financial and financial data.

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Definitions:

Jurisdiction

The legal authority granted to a court to hear and decide cases, determined by factors such as geographic area and case type.

Original

Pertaining to the first or earliest form of something, or being an authentic creation not derived from anything else.

Federal Jurisdiction

Refers to the legal scope within which federal courts in the United States have the authority to hear and decide cases.

State Jurisdiction

The authority given to a state to govern or legislate over certain matters within its territorial boundaries.