Which of the Following Statements Expresses a Value Claim

question 28

Multiple Choice

Which of the following statements expresses a value claim?

• A) Fred inherited a large amount of money from his uncle.
• B) Jane had lunch with her niece today.
• C) The tensile strength of steel is greater than that of copper.
• D) Professor Thompson is a great instructor.
• E) Among the states, California has the largest number of electoral votes.

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Definitions:

Control Account Balance

Refers to the total balance in a general ledger account that summarizes the balances of subsidiary ledger accounts.

Subsidiary Ledger

A ledger containing the details to support a summary line item in the General Ledger, such as accounts receivable or accounts payable.

General Ledger

A comprehensive set of accounts that records all financial transactions of a business and is used to prepare financial statements.

One Column Purchases Journal

A simplified accounting journal used for recording the total monetary amount of purchases by a business.