After a Business Transaction Has Been Analyzed and Entered in the Journal

question 211

Multiple Choice

After a business transaction has been analyzed and entered in the journal, the next step in the recording process is to transfer the information to

• A)the company's bank.
• B)stockholders' equity.
• C)ledger accounts.
• D)financial statements.

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Definitions:

Marginal Benefit

The extra utility or satisfaction garnered by consuming one more unit of a good or service.

Marginal Cost

The amount spent on generating an extra unit of a product or service.

Optimal Amount

The most efficient, effective or desirable quantity or level.

Pollution Abatement

Methods or processes implemented to reduce, control, or eliminate pollution from various sources.