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Determine Whether Each of the Following Items Applies To: (A)

Question 63

Essay

Determine whether each of the following items applies to: (a) view-driven systems only, (b) event-driven systems only, (c) both view- and event-driven systems or (d) neither view- nor event-driven systems.1) Capable of generating a balance sheet
2) Captures a more comprehensive data set
3) Comprises five basic parts
4) Converts information into decisions
5) Incorporates data that may not be presented in the general purpose financial statements
6) Must use information technology
7) Records transactions using the principles of debit and credit
8) Should be designed with the FASB Conceptual Framework in mind
9) Transforms data into information
10) Typically incorporates journals and ledgers

Correct Answer:

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1) c
2) b
3) c
4) d
...

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