Assume the Accumulated Count Is 100 and the Following Order

question 38

Multiple Choice

Assume the accumulated count is 100 and the following order of events then occurs: Exit switch input is actuated 20 times,Reset input is actuated 10 times,and Enter switch input is actuated 5 times.After this sequence,the accumulated count would be:

• A)100.
• B)115.
• C)5.
• D)0.

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Definitions:

Unearned Revenues

Funds received by a company for goods or services that have not yet been delivered or rendered, considered a liability until the product or service is provided to the customer.

Liabilities

Liabilities that a business must settle in the future, representing the financial debts owed to external parties.

Prepaid Expenses

Costs that have been paid in advance for goods or services to be received in the future.

Unearned Revenues

Money received by a company for goods or services that have not yet been provided to the customer.