An Order of Calculators with New Features Just Arrived for the Finance

question 103

Multiple Choice

An order of calculators with new features just arrived for the finance department of Nike. These calculators represent

• A) major equipment.
• B) process materials.
• C) component parts.
• D) accessory equipment.
• E) office materials.

---

Definitions:

Income Statement Columns

The arrangement in the income statement that categorizes financial data, such as revenues, expenses, and net income, to convey a company's financial performance over a period.

Adjustments Columns

Sections within financial statements or ledgers where adjustments are recorded to ensure they accurately reflect the financial position at period-end.

Trial Balance Columns

Sections in a trial balance where debit and credit account balances are listed side by side to ensure they are equal.

Adjusted Trial Balance Columns

This refers to the columns in a trial balance that have been adjusted for entries made in the general journal at the end of an accounting period before the preparation of financial statements.