The Transaction File

question 6

Multiple Choice

The transaction file:

• A)Is listed in random order.
• B)Is listed in order of the primary key of the master file.
• C)Is listed in order of the first field of the master file.
• D)None of the above.

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the company, reducing the amount of outstanding stock on the open market.

Cash Dividends

Payments made by a corporation to its shareholder members from its profits or reserves.

Return on Equity

An indicator of a company's financial performance, indicating the amount of profit generated from the investments made by its shareholders.

Gross Profit Percentage

A financial metric that shows the portion of sales revenue that exceeds the cost of goods sold (COGS), expressed as a percentage of total sales revenue.