In an REA-Based Relational Database,the Information Normally Found in a ________

question 70

Multiple Choice

In an REA-based relational database,the information normally found in a ________ is contained in the tables used to record data about ________.

• A)journal;events
• B)journal;resources
• C)ledger;events
• D)ledger;resources

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Definitions:

Settlor

A person who creates a trust by providing the initial trust property and setting the terms of the trust.

Federal Estate Tax

A tax levied by the federal government on the transfer of the taxable estate of a deceased person, whether transferred via will, according to state laws, or through an estate plan.

State Inheritance Tax

A tax imposed by some states on individuals who inherit property or money from someone who has died.

Estate Administration

The process of managing and distributing a deceased person's assets according to their will or the laws of intestacy.