Which of the Following Is an Example of Money Serving

question 214

Multiple Choice

Which of the following is an example of money serving as a medium of exchange?

• A)Richard puts money into a piggy bank.
• B)Ellen deposits cash into a money market account.
• C)Sean puts a new $20 bill into his currency collection.
• D)Marian buys a carbo-loaded drink before a marathon.

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Definitions:

Segmented Income Statement

An income statement that breaks down revenues, cost of sales, and expenses by segments such as product lines, departments, or geographic regions.

Contribution Format

A method of income statement presentation that separates fixed and variable costs, making it easier to see the contribution margin.

Segmented Income Statement

An income statement that shows the financial results of different segments of a company separately.

Contribution Format

A financial reporting format that highlights the variable costs associated with a product or service, used to calculate contribution margin.