Which of the following is a similarity between third-party data ...

[Medesa]

Which of the following is a similarity between third-party data sources and fourth-party data sources?
 
  A) Both data sources may have some firsthand knowledge of the subject's activities.
  B) The information collected from both data sources does not reflect the actual activity of the subject.
  C) Data received from both data sources fall under the category of secondary research.
  D) Both data sources may involve associated costs.

Question 2

The Accounts Payable T account shows the following 1,200, debit 3,500, debit 8,240, credit 100, credit What is the balance of the account?
 a. 8,340, credit
  b. 8,340, debit
  c. 4,700, debit
  d. 3,640, debit
  e. 3,640, credit

[apple]

Answer to Question 1

D
Explanation: D) Sometimes third-party data sources may have associated costs, for example, banks often charge a fee for producing copies of past bank statements. Some fourth-party data sources also require a fee.

Answer to Question 2

E