Determine the Slope and the Y-Intercept

question 117

Multiple Choice

Determine the slope and the y-intercept.
-y = -6.9x - 4

• A)Slope 6.9, y-intercept (0, -4)
• B)Slope -4, y-intercept (0, -6.9)
• C)Slope -4, y-intercept (0, 6.9)
• D)Slope -6.9, y-intercept (0, -4)

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Definitions:

Financial Statement

A written report which quantitatively describes the financial health of a company, including balance sheet, income statement, and cash flow statement.

Permanent/Temporary

Refers to the classification of accounts where permanent accounts are balance sheet items that carry over into the next fiscal period, and temporary accounts are income statement items that are closed to equity at the end of the fiscal period.

Normal Balance

Reflects the expected balance orientation (debit for assets and expenses, credit for liabilities, equity, and revenues) of an account in double-entry bookkeeping.

Financial Statement

A written record that conveys the business activities and financial performance of a company, typically including the balance sheet, income statement, and cash flow statement.