Commercial finance companies are lending institutions that make only unsecured loans-both short-term and long-term—to businesses

Zed Bennett opened an art gallery and as a dealer completed these transactions: 1. Started the gallery, Artery, by investing $40,000 cash and equipment valued at $18,000. 2. Purchased $70 of office supplies on credit. 3. Paid $1,200 cash for the receptionist's salary. 4. Sold a painting for an artist and collected a $4,500 cash commission on the sale. 5. Completed an art appraisal and billed the client $200. What was the balance of the cash account after these transactions were posted?

a. $12,230. b. $12,430. c. $43,300. d. $43,430. e. $61,430.

Multivalued dependencies create anomalies so serious that multivalued dependencies must always be eliminated

Indicate whether the statement is true or false