Which of the following describes the accuracy data quality characteristic?
A) The degree to which all the required data is present in the data collection
B) The extent to which the data conforms to its specified format
C) The extent to which data correctly reflects the real world instances it is supposed to depict
D) The extent to which the data properly conforms to and matches up with the other data
C
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Joint Venture resembles a _____________ and is taxed like a partnership. Most courts apply the same principles to joint ventures as partnerships. Owe each other fiduciary duties.
Fill in the blank(s) with the appropriate word(s).
Metro Auto Parts recently traded in store fixtures
The exchange had commercial substance. The old fixtures had a cost of $47,000 and accumulated depreciation of $15,000. Metro paid $102,000 for the new store fixtures. These new fixtures had a market value of $120,000. There is a loss of $14,000 on this exchange. Indicate whether the statement is true or false