The ABC Company services residential pools. Each week it comes out and cleans the pool. If necessary, it also replaces any broken equipment. The REA diagram for ABCs revenue cycle would show that each service call is linked to ____.

a minimum of zero services and a minimum of zero parts

a minimum of zero services and a minimum of one part

a minimum of one service and a minimum of zero parts

a minimum of one service and a minimum of one part

The ABC Company rents bicycles. Customers pay a deposit. Upon return, the bike is checked for damage and customers may be assessed additional fees. If the customer fails to return the bicycle, ABC charges the cost to replace the bicycle to the same credit card used to rent the bicycle. The revenue cycle REA diagram for ABC would show that each rental event is linked to ____.

a minimum of zero return events and a minimum of zero receive cash events

a minimum of zero return events and a minimum of one receive cash events

a minimum of one return event and a minimum of zero receive cash events

a minimum of one return event and a minimum of one receive cash events

The ABC Company maintains the following financial accounts: checking, savings, and investments. It has accounts in several different financial institutions. It does not have a Petty Cash account. ABC Company only maintains information about financial institutions where it has accounts. The REA diagram for ABC company would model the relationship between the Cash and Financial Institution entities as having ____.

a minimum of zero on both sides of the relationship

a minimum of zero on the Cash side of the relationship and a minimum of one on the Financial Institution side of the relationship

a minimum of one on the Cash side of the relationship and a minimum of zero on the Financial Institution side of the relationship

a minimum of one on both sides of the relationship