In Order to Help Your Readers Make Informed Decisions

question 67

Multiple Choice

In order to help your readers make informed decisions

• A)tell them what they need to know-no more, no less.
• B)withhold information that doesn't suit your needs.
• C)present your raw data, so they can compile it as they see fit.
• D)manipulate the data to smooth out negative trends.

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Definitions:

Sales Revenue

The total income a company generates from selling its goods or services before any costs or expenses are subtracted.

Wage Expense

The total amount spent by a business on salaries and wages for its employees.

Post-Closing Trial Balance

A list of all accounts and their balances after closing entries are made, showing only balance sheet accounts.

Temporary Accounts

Accounts that are closed at the end of each accounting period. These include revenue, expense, and dividend accounts.