Question 1
Identify the item below that would be classified as a
resource by the REA data model.
◦ An IOU from a customer.
◦ The customer.
◦ A customer sale.
◦ A loan from a vendor.
Question 2
Identify the item below that would be classified as an
event by the REA data model.
◦ An IOU from a customer.
◦ The customer.
◦ A customer sale.
◦ A loan from a vendor.