Based on the Principles of Normalization, an Inventory Table Would

question 53

Multiple Choice

Based on the principles of normalization, an inventory table would include all of the following fields except:

• A)Transaction number
• B)Item code
• C)Description
• D)Beginning quantity on hand

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Definitions:

Balance Sheet

A report detailing a business's assets, liabilities, and owners' equity at a given moment.

Income Statement

A financial document that reports a company's revenues, expenses, and profits over a specific period.

Statement Of Cash Flows

Reports the impact of a firm’s operating, investing, and financing activities on cash flows over an accounting period.

Net Before-Tax Operating Income

Earnings generated from a company's core business operations before taxes and non-operating costs are deducted.