Which of the Following Statements About a Master File Is

question 47

Multiple Choice

Which of the following statements about a master file is false?

• A)A master file is conceptually similar to a ledger in a manual AIS.
• B)A master file's individual records are rarely,if ever,changed.
• C)A master file exists across fiscal periods.
• D)A master file stores cumulative information.

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Definitions:

Earnings per Share

A company's profit divided by its number of outstanding shares of stock, indicating the portion of a company's profit allocated to each share.

Cost of Debt

The effective rate that a company pays on its total debt, serving as a measure of the risk and a way to gauge the company's ability to manage its debt effectively.

Shares Outstanding

The total number of shares of a company’s stock that are currently owned by all its shareholders.

Equity Firm

A company that invests in businesses, typically taking a sizable stake, with the goal of increasing value over time before eventually divesting.