Identify a True Statement About the Use of Graphics

question 22

Multiple Choice

Identify a true statement about the use of graphics.

• A)Visual data cannot be distorted easily.
• B)A few pages of graphics can effectively convey several hundred pages of text.
• C) Use of graphics eliminates the need of reading the text.
• D) Extreme use of graphics adds to the impact of the material presented.

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Definitions:

Direct Method

A way of reporting cash flows from operating activities by listing major classes of gross cash receipts and payments.

Amortization of Bond Premium

The process of gradually writing off the premium paid over the par value of a bond over its life.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

FASB

The Financial Accounting Standards Board, an independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.