Saving a Word Document in a Format Such as PDF

question 33

True/False

Saving a Word document in a format such as PDF allows the document to be opened in other applications in addition to Word.

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Definitions:

Accrual

The accounting practice that documents income and expenditures at the time they happen, irrespective of the timing of the actual cash flows.

Retained Earnings

The amount of net profit remaining for the company after distributing dividends to its stockholders.

Note Payable

A written promise to pay a specified amount of money, along with interest, by a certain date.

Interest Expense

The cost incurred by an entity for borrowed funds, recognized in the income statement.