Facts That Are Collected,recorded,stored and Processed by an Information System

question 30

Multiple Choice

Facts that are collected,recorded,stored and processed by an information system

• A)Information
• B)Data
• C)Systems
• D)Mandatory information

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing items like brand name, good customer relations, and reputation.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing what the shareholders own outright.

Consolidated Balance Sheet

A financial statement that aggregates the financial position of a parent company and its subsidiaries, showing total assets minus liabilities.

Fair Value Enterprise Method

involves estimating the value of an entire business using discounted cash flows or market comparables, focusing on the enterprise as a whole.