Which of the Following Statements Is False Concerning Use of Currency

question 153

Multiple Choice

Which of the following statements is false concerning use of currency signs?

• A)Currency signs do not appear in journals or ledgers.
• B)Currency signs are generally only shown for the first item in a column and for the column total.
• C)Currency signs are not typically used in the trial balance.
• D)All of the choices are correct regarding currency signs.

---

Definitions:

Sugar Prices

The cost per unit of sugar, which can fluctuate based on supply, demand, and other market conditions.

Regressive Income Tax

A taxation method where the tax rate falls as the amount being taxed grows.

Opportunity Cost

The cost of foregone alternatives, representing the benefits one could have received by taking a different decision.

Substitution Effect

The change in consumption patterns due to a change in relative prices, leading consumers to substitute one product for another.