Communication of Economic Events Is the Part of the Accounting

question 197

Multiple Choice

Communication of economic events is the part of the accounting process that involves

• A) identifying economic events.
• B) quantifying transactions into dollars and cents.
• C) preparing accounting reports.
• D) recording and classifying information.

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Definitions:

Xylem

A type of vascular tissue in plants that transports water and dissolved minerals from the roots to the rest of the plant.

Alpha-Galacturonic Acid

A component of pectin, a polysaccharide found in the cell walls of plants, involved in maintaining cell structure and rigidity.

Glucagon

A hormone produced by the pancreas that promotes the increase of blood glucose levels by stimulating glycogen breakdown in the liver.

Pectin

A complex carbohydrate found in the cell walls of plants that is often used as a gelling agent in foods and for its dietary fiber properties.