Many Stock Market Analysts Suggest That Program Trading Was a Big

question 25

True/False

Many stock market analysts suggest that program trading was a big cause of the stock market crash of 1987.

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Definitions:

Revenues

Revenues refer to the total income generated by a company from its normal business operations, such as the sale of goods or provision of services.

Reversing Entries

Accounting entries that are made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous accounting period.

Bookkeeping Procedure

The systematic recording of financial transactions and maintenance of financial records in a business.

Worksheet

A document or tool used for planning, calculating, or recording information, especially in accounting.