A Variable That Keeps a Running Total of Data Values

question 29

Multiple Choice

A variable that keeps a running total of data values is called a(n)

• A)sum.
• B)loop control variable.
• C)total.
• D)accumulator.
• E)counter.

---

Definitions:

Full-Accrual Totals

Accounting figures that include all revenues earned and expenses incurred, regardless of cash transactions.

Consolidation Worksheet

A tool used in preparing consolidated financial statements for a group of companies, allowing for the elimination of intercompany transactions and balances.

Income

Earnings generated from business activities over a period, often categorized as net, gross, operating, or non-operating income.

Dividends Paid

Payments made by a corporation to its shareholder members from its earnings or profits.