Artie Is Aware That the Content and Length of the Close

question 76

Multiple Choice

Artie is aware that the content and length of the close of a report depend primarily on his choice of the direct or indirect approach.If he is using the direct approach,in the close he should ________.

• A) present his conclusions or recommendations, as presented in the body
• B) introduce new facts in his close, to maintain interest
• C) end with a summary of key points listed in the order that they appear in the report body
• D) prompt others to action and designate tasks

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Definitions:

Book Depreciation

The method of calculating the depreciation of an asset for record-keeping and tax purposes.

Tax Rate

The rate at which a person or company's earnings are taxed.

Municipal Bond Interest

The interest income received from bonds issued by local or state governments, often exempt from federal income tax and sometimes from state and local taxes.

Book Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life for accounting purposes, as reflected in the financial statements.