According to the Discussion of Writing in Chapter 10

question 53

Multiple Choice

According to the discussion of writing in Chapter 10,

• A) the stages of writing do not overlap with one another, unlike the situation in spoken language.
• B) the components of writing are relatively simple; they seldom strain the limits of attention.
• C) good writers are more likely than poor writers to spend time carefully planning a writing assignment.
• D) the prewriting phase is a relatively automatic component of language.

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Definitions:

Relevant Financial Information

Financial data that is capable of making a difference in business decisions, being timely and having predictive and confirmatory value.

Cash Basis

Cash basis is an accounting method where revenues and expenses are recorded only when cash is received or paid, regardless of when the transactions occurred.

Accounting Period

A specific time period at the end of which an entity prepares financial statements to assess its financial performance and position.

Budgeting

The process of creating a plan to spend your money, allocating the estimated income towards various categories of expenses.