In Order to Determine the Scientific Notation for a Number

question 11

True/False

In order to determine the scientific notation for a number, count the number of spaces that the decimal point has to be moved in order to appear behind the first digit.This count, the number of spaces moved, becomes your exponent in the power of 10.

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Definitions:

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used for most financial and tax reporting purposes.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including a balance sheet, income statement, and cash flow statement.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

General Ledger

A complete record of all financial activities conducted by a company throughout its existence.