Determine Whether the Statement Makes Sense $10 ^ { 11 }$

question 211

True/False

Determine whether the statement makes sense. If the statement is possible then it makes sense. If it is clearly impossible,it does not make sense.
-Last year the total amount spent by Americans on food was about $10 ^ { 11 }$ dollars.

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Definitions:

Revenues

The total amount of money received by a company from its business activities, such as sales of goods or services, over a specified period.

Adjusting Entries

Journal entries made at the end of an accounting period to update the accounts and ensure that the correct amounts are reported in the financial statements.

Reports Menu

A feature in accounting or business software that allows users to generate and view various financial and operational reports.

General Journal Entries

Accounting entries recorded in the general journal that document business transactions not handled by specialized journals.