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:

Common Diluents

Substances used to dilute a drug or agent, reducing its concentration without affecting its therapeutic action.

Injectable Medications

Medicines that are administered through a needle or syringe directly into the body's tissues, bypassing the digestive system.

Medication

Substances used to diagnose, treat, cure, or prevent disease, aiming to improve health conditions.

Expiration Date

The date until which a product, such as food, medicine, or chemical, is deemed safe to use or consume.