REA Associations—Receive Cash Event Bentley Restorations Company restores and sells top-end classic and antique automobiles. Most of its customers are private collectors, but some are investors who buy multiple cars and hold them for resale. Bentley extends no credit terms. All sales are for cash. 1. Which of the relationships in the diagram models the entity associations for Bentley Restorations? 2. Explain your answer.
REA Associations—Receive Cash Event Bentley Restorations Company restores and sells top-end classic and antique automobiles. Most of its customers are private collectors, but some are investors who buy multiple cars and hold them for resale. Bentley extends no credit terms. All sales are for cash. 1. Which of the relationships in the diagram models the entity associations for Bentley Restorations? 2. Explain your answer.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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REA Associations—Receive Cash Event
Bentley Restorations Company restores and sells top-end classic and antique automobiles. Most of its customers are private collectors, but some are investors who buy multiple cars and hold them for resale. Bentley extends no credit terms. All sales are for cash.
1. Which of the relationships in the diagram models the entity associations for Bentley Restorations?
2. Explain your answer.
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