How Many Seven-Digit Telephone Numbers Are Possible If the First

question 26

Multiple Choice

How many seven-digit telephone numbers are possible if the first two digits cannot be twos or zeros? ​

• A) 6,400,000
• B) 64,000,000
• C) 10,000,000
• D) 8,000,000
• E) 800,000

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Definitions:

Owner's Capital

The total value of all assets contributed by the owner to a business minus any withdrawals, representing the owner's equity in the company.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against the cost of a fixed asset, reducing its book value over time.

Permanent Account

An account that carries its ending balance over to the next accounting period, typically representing real accounts like assets, liabilities, and equity.

Closing Process

The steps taken at the end of an accounting period to prepare accounts for the next period, including zeroing out temporary accounts.