-Refer to the Figure Above

question 32

Multiple Choice

-Refer to the figure above. The value of IB is

• A)8.6 mA.
• B)860 µA.
• C)0.7 µA.
• D)1 mA.

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Definitions:

Adjusting Entry

An accounting record made to update the financial statements to reflect income earned or expenses incurred but not yet recorded.

Employee Wages

Payment given to workers for their services, usually determined by the hour, day, or work completed.

Net Income

The amount of money remaining after all operating expenses, taxes, and interest have been subtracted from total revenue.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.