Using an REA database design,which of the below is false with regards to cost data?
A)Cost information is stored in several tables.
B)Standard cost is stored as an attribute of the Inventory table because it is the same for all units of a given inventory item for a fiscal year.
C)In contrast,the actual cost of inventory is stored in a relationship table because prices can vary over time.
D)Actual cost can be stored as an attribute of the Inventory table for organizations that value inventory based on the most recent amount paid.

Question

Quizplus · Accepted Answer

Actual cost can be stored as an attribute of the Inventory table for organizations that value inventory based on the most recent amount paid. This statement contradicts option C, which states that actual cost is stored in a relationship table. Options A and B are true statements about cost data in an REA database design.

Using an REA Database Design,which of the Below Is False