Which of the Following Processes Real Data Through a Test

question 65

Multiple Choice

Which of the following processes real data through a test program?

• A) Test data approach
• B) Integrated test facility
• C) Parallel simulation approach
• D) Artificial intelligence software

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Definitions:

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership interest of shareholders or owners.

Adjusted Trial Balance

A list of all the accounts of a company, showing the balance of each after adjustments have been made for errors, omissions, or accruals.

Current Assets

Assets that are expected to be converted into cash, sold or used up within one year or within the entity's operating cycle, whichever is longer.

Total Assets

The aggregate of all assets owned by a business, evaluated at cost or market value on the balance sheet.