The Phrase "Primary Key" Is Most Closely Associated with Which

question 65

Multiple Choice

The phrase "primary key" is most closely associated with which generic element of an accounting information system?

• A)Storage
• B)Database
• C)Both storage and database
• D)Neither storage nor database

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Definitions:

Deferred Tax Asset

Represents future tax relief for a company, arising from deductible temporary differences, carryforward losses, or credits.

Accrued Product Warranty Costs

Costs that have been incurred but not yet paid for product warranties, recognized as liabilities on the balance sheet.

Enacted Tax Rates

The legally approved rates of taxation set by governmental authorities.

Pre-Tax Book Income

Income of a business before the deduction of tax expenses as reported in the financial statements, not necessarily reflective of taxable income.