Which of the Following Is False with Regards to REA

question 89

Multiple Choice

Which of the following is false with regards to REA models?

• 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:

Remedies Sought

The legal means or actions pursued by a plaintiff or complainant in a lawsuit seeking relief or justice for grievances.

West's Federal Appendix

A reporter of federal court decisions that are not selected for publication in the Federal Reporter.

Binding Precedent

A previous court decision that must be followed by lower courts within the same jurisdiction in cases involving similar facts or legal issues.

Persuasive

Having the ability to convince someone to do or believe something through reasoning or the use of temptation.