Words Like Obtain, Cognizant, Subsequent, and Initial Are Examples of Obscure

question 11

True/False

Words like obtain, cognizant, subsequent, and initial are examples of obscure words.

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Definitions:

Cash Equivalents

Short-term, highly liquid investments that are easily convertible to a known amount of cash and close to their maturity.

Balance Sheet

A declaration of a company's financial health, detailing assets, obligations, and the equity of its owners at a targeted date.

Equity Method

A method of accounting for an investment in common stock by which the investment account is adjusted for the investor’s share of periodic net income and cash dividends of the investee.

Equity Method

An accounting technique used to record an investor's proportional share of the profits and losses of an equity-invested company.