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Author Question: Because information about temporal imbalances between two ________, such as accounts receivable and ... (Read 65 times)

daltonest1984

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on: Apr 8, 2019

Question 1

Which of the following is false with regards to REA models?
◦ Many financial statement accounts are represented as resources in the REA model.
◦ Accounts such as Accounts Receivable show up as entities in the REA model.
◦ Some accounts represent an imbalance between two related events in the REA model.
◦ Much of the information about an organization's assets that is traditionally recorded in ledgers is stored in resource tables in an REA-based relational database.

Question 2

Because information about temporal imbalances between two ________, such as accounts receivable and accounts payable, is needed so frequently, such calculated values are sometimes stored as ________ in the appropriate tables.
◦ events; agents
◦ events; attributes
◦ resources; agents
◦ resources; attributes
Accounting Information Systems ¦ Romney, Steinbart ¦ 14th Edition
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Marked as best answer by daltonest1984 on Apr 8, 2019

sarahccccc

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Reply #1 on: Apr 8, 2019
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daltonest1984

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Reply 2 on: Apr 8, 2019
Excellent

FergA

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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