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Identify the item below that would be classified as an  event by the REA data model. An...

Identify the item below that would be classified as an  event by the REA data model.

An IOU from a customer.

The customer.

A customer sale.

A loan from a vendor.

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Answer #1
A customer sale would be classified as an event by the REA data model.
Under the REA model, an event includes sales and cash received from such sale.
Option C is correct
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