Database Management Involves the Use of Database Management Software to Control

question 34

Multiple Choice

Database management involves the use of database management software to control how databases are _______________.

• A) created
• B) interrogated
• C) maintained
• D) All of the choices are correct.

Learn how to classify accounts in the ledger and understand their order of presentation in financial statements.

Understand the components and increase/decrease effects on stockholders' equity accounts.

Know how to calculate the balance of an account.

Understand how to determine total assets from a list of accounts.

---

Definitions:

Appreciated Property

An asset that has increased in value over time from its original purchase price.

Nonliquidating Distribution

A nonliquidating distribution refers to distributions made by a corporation to its shareholders that are not in complete termination of the shareholder’s interest in the corporation.

Shareholders

Shareholders are individuals or entities that own one or more shares of stock in a corporation, making them partial owners of that corporation.

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability and the ability to raise capital.