When You Use Five-Digit Account Numbers -

question 2

Multiple Choice

When you use five-digit account numbers -

• A)this changes the way you select an account in a journal
• B)you can type four or five digits to enter the account number if the final digit is zero
• C)it is more difficult to locate the account you need for a transaction
• D)you increase the number of accounts you can create for a company data file

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Definitions:

Large Projects

Significant endeavors undertaken by businesses or governments, characterized by large investment, significant complexities, and long durations, often involving infrastructure or technology.

Accounting Income

Accounting income is the net profit of a company, calculated according to generally accepted accounting principles (GAAP), and includes all revenues and expenses.

Incremental Cash Flows

These are the additional cash flows from operations that a business generates from taking on a new project.

Capital Budgeting

Capital budgeting is the process by which a business evaluates and selects significant long-term investments, based on potential returns and strategic objectives.