The PLC Recognizes Only _________

question 1

Multiple Choice

The PLC recognizes only _________.

• A) push-buttons
• B) pressure switches
• C) open or closed contacts
• D) float switches

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Definitions:

Cash Assets

Assets in the form of cash or items that can be quickly converted to cash without significant loss of value.

Prior Period Adjustment

Corrections of errors or omissions in the financial statements of previous periods to accurately reflect past financial performance.

Retained Earnings

Retained earnings are the portion of a business's profits not distributed as dividends to shareholders but retained by the business for reinvestment.

Par Stock

The nominal or face value assigned to a share of stock, as stated in the corporate charter.