Which One of the Following Illustrates Use of a Rubric

question 96

Multiple Choice

Which one of the following illustrates use of a rubric in a classroom assessment?

• A)Responses to a 10-point essay in a history class are given 5 points for describing historical events accurately, 4 points for explaining how the events are interrelated, and 1 point for using complete sentences throughout the essay.
• B)In a swimming test, students are asked to swim one lap each of the breaststroke, backstroke, and crawl.
• C)A science test has 30 multiple questions, 10 alternative-response questions, 3 short-answer questions, and one essay.
• D)A math assignment presents a complex problem with several parts and asks students to break it down into at least five simpler problems.

Learn the impact of financial instruments on financial statements, including presentation and disclosure requirements.

Understand the accounting treatment for convertible notes and the transition between equity and liability classifications.

Recognize the conditions and accounting treatment for the derecognition of financial assets and liabilities.

Identify the conditions under which financial assets and liabilities can be offset.

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Definitions:

Unincorporated Business

A business structure without a separate legal entity from its owner, where the owner is personally responsible for the business's debts and obligations.

Specialized Equipment

Tools or machinery designed for a specific, often technical or industrial, purpose, necessitating particular skills for operation.

Known Principal

A principal whose identity is disclosed to the third party by the agent at the time of a particular transaction.

Agent Liability

The legal responsibility of an agent to act in the best interest of their principal, facing consequences for failure to comply.