Which Statement Is Correct

question 55

Multiple Choice

Which statement is correct?

• A) in a normalized database, data about vendors occur in several locations
• B) the accountant is responsible for database normalization
• C) in a normalized database, deletion of a key record could result in the destruction of the audit trail
• D) connections between M:M tables are provided by a link table

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Definitions:

Preferred Stock

Preferred stock is a class of shares that typically provides a fixed dividend and has priority over common stock in the event of a liquidation, but generally does not carry voting rights.

Deductible

An amount that can be subtracted from an individual's or organization's taxable income, thereby reducing the amount of tax owed.

Tax Deductible

Refers to a qualifying expense that can reduce an entity's taxable income, and thereby reduce its tax liability.

Dividends

Sum of money distributed by a corporation to those holding its shares, originating from the firm's earnings allocated among its stockholders.