Provide an Appropriate Response

question 84

Multiple Choice

Provide an appropriate response.
-Following is a sequence of black balls and white balls. How many black balls are needed for the 100th term?

• A) 201
• B) 200
• C) 198
• D) 202

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Definitions:

Monetary Unit Assumption

An accounting principle that assumes transactions and events can be represented in monetary units or currency.

Economic Entity Assumption

An accounting principle that treats a company as a separate entity from its owners for financial reporting purposes.

Business Career

A professional path that involves working in the commercial sector, which may encompass a wide range of roles and industries.

Accounting Study

The systematic and comprehensive recording of financial transactions pertaining to a business, and the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities.