Data That Have Been Processed in Some Prescribed Manner to Be

question 52

Multiple Choice

Data that have been processed in some prescribed manner to be more useful for decision making is called:

• A) output.
• B) details.
• C) information.
• D) input.

---

Definitions:

Statement of Owner's Equity

A financial document that details the changes in the equity of a company over a specific period, including investments, withdrawals, and earnings.

Owner's Equity

The ownership stake of shareholders or owners in a company's assets, after all debts have been subtracted.

Transactions

Business dealings or events that affect the financial position of a company, recorded in the accounting records.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time.