You've Finished Proofreading When

question 32

Multiple Choice

You've finished proofreading when

• A) you read through the document and find only one or two misplaced sentences.
• B) you have corrected all of the mistakes you identified.
• C) you let the document sit overnight.
• D) you read through the entire message without making any changes.
• E) you have run the spellchecker program twice.

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Definitions:

Cash Collected

The total amount of money received by a company during a specified period, including revenues, financing, and investments.

Cash Paid

The total amount of cash disbursed by a company for various purposes, including operating expenses, investment activities, and financing activities.

Revenue Recognition Principle

An accounting guideline that determines the specific conditions under which revenue is recognized or accounted for.

Expense Recognition Principle

A core principle of accrual accounting that dictates when expenses are recognized and reported in the financial statements, generally aligning expenses with the revenues they help to generate.