Mike Is an Analyst Doing Data Storage Design Activities

question 67

True/False

Mike is an analyst doing data storage design activities.He will probably want to make sure that the DFDs and the ERDs balance.

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Definitions:

Direct Method

A cash flow statement preparation approach where actual cash flow information from the company's operations is used, as opposed to indirect methods which adjust net income.

Sales Adjusted

The revised value of sales after accounting for returns, allowances, and discounts.

Cash Basis

A financial recording technique that acknowledges income and expenditures solely upon the actual exchange of cash.

Balance Sheet Accounts

Accounts displayed on the balance sheet that represent the company's assets, liabilities, and equity at a point in time.