Round 0.00274485 to 1 Significant Figure

question 41

Multiple Choice

Round 0.00274485 to 1 significant figure.

• A) 0.00
• B) 0.003
• C) 0.0027
• D) 0.00274
• E) 0.002745

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Definitions:

Managerial Accounting

Managerial accounting involves the provision of financial data and advice to a company's management for decision-making.

Financial Accounting

The field of accounting focused on the preparation of financial statements for external users, such as investors, creditors, and regulatory agencies.

Economic Events

Economic events are transactions or occurrences that affect the financial position of an entity and can be reliably measured.

Period Cost

Expenses that are not directly tied to the production process and are instead accounted for in the period they occur.