Which of the Following Would Be an Intangible Standard

question 8

Multiple Choice

Which of the following would be an intangible standard?

• A) Cooperative attitudes
• B) Minimum size tolerances
• C) Quality and durability of materials
• D) All of the above

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Definitions:

Single-Entry System

A rudimentary accounting method where entries are made in a single record, typically focusing only on cash flow and personal accounts.

Computerized Ledger System

A digital system for recording the financial transactions of a business or organization, providing an organized way to store, manage, and report financial data.

Business Transaction

An economic event or condition that changes an entity's financial statements, involving the exchange of goods, services, or funds.

Accounting Records

Documents and books that keep track of all financial transactions of a business or individual.