When Developing an REA Model

question 39

Multiple Choice

When developing an REA model:

• A) Accounting artifacts are represented as support events
• B) The same resource is both increased and decreased by the duality association
• C) Link tables are explicitly depicted
• D) events are organized in sequence of occurrence

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Definitions:

Dividend Payable

The amount of money a company is committed to paying its shareholders in dividends for owning the company's stock.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the overall value remains the same.

Market Value

The present rate at which a company or asset is available for purchase or sale on the market.