If I Draw One Card from a Deck, What Are

question 80

Multiple Choice

If I draw one card from a deck, what are the chances that it will be a king, a queen, or a jack?

• A)3/52
• B)3/13
• C)4/13
• D)1/572
• E)1/3

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Definitions:

Sales Returns

Goods returned by the customer to the seller for a refund or credit, typically due to defects or other dissatisfaction.

Depreciation Expense-Equipment

The allocation of the cost of equipment over its useful life, reflecting wear and tear and loss of value over time.

Equipment

Tangible property used in the operation of a business that is not intended for sale in the usual course of business.

Post-Closing Trial Balance

A list of all accounts and their balances after the closing entries have been made, used to verify the equality of debits and credits and prepare for the next accounting period.