Multiple Choice
Helge Autoparts sells new and refurbished auto parts exclusively to auto dealers.Helge purchases inventory from distributors at trade conventions.Each time Helge makes a purchase,the company records the suppliers name,address,date,specific items purchased,price paid for each,and the total amount spent.Helge later researches the inventory items to set the customer price.The company assigns an inventory number to each item purchased and records the customer price for each item.Helge buys price tags and display supplies from Alwin Incorporated,a company that sells them at all trade conventions.All inventory and supplies purchases are immediately paid for with cash or with checks from a bank account in Helge's name.All cash received from sales are also deposited to the same bank account.Several times a year Helge rents display space at dealer conventions.A deposit is always required,and the entire fee is due the day the convention starts.Helge records the deposit and final payment,along with the convention's name and address,in the same worksheet on which purchases of inventory and supplies are recorded.
Consider Helge's processes regarding the purchasing inventory and supplies,renting display space,and paying for purchased items.A well-designed REA diagram would
A) include eight unique entities.
B) include nine unique entities.
C) include seven unique entities.
D) include ten unique entities.
Correct Answer:

Verified
Correct Answer:
Verified
Q37: Which of the following graphical symbols represents
Q38: Which of the following is not one
Q39: Identify the notation often used to represent
Q40: Which of the following statements about REA
Q41: E-R diagrams can be used to represent
Q43: Prescott Dolls sells porcelain dolls exclusively at
Q44: An REA diagram must link every event
Q45: Identify the statement below that is false
Q46: Which of the following transactions is represented
Q47: Which of the following transactions is represented