Given That 1 Inch = 2

question 28

Multiple Choice

Given that 1 inch = 2.54 cm, 1.00 cm³ is equal to

• A) 16.4 in³.
• B) 6.45 in³.
• C) 0.394 in³.
• D) 0.155 in³.
• E) 0.0610 in³.

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Definitions:

Capital Drawing

Withdrawals made by the owner(s) from the business for personal use, reducing the total capital invested in the business.

Journalize

The process of recording business transactions in the journal as part of the accounting cycle.

Transactions

Financial events that result in changes to the financial position of a company, such as sales, purchases, and payments.

Equipment

Long-term assets that are used in the production of goods and services; these are tangible in nature.