An Account Consists of

question 46

Multiple Choice

An account consists of

• A)a title, a debit balance, and a credit balance.
• B)a title, a left side, and a debit balance.
• C)a title, a debit side, and a credit side.
• D)a title, a right side, and a debit balance.

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Definitions:

Tax Rate

The tax rate is the percentage at which an individual or corporation is taxed.

EBIT

Stands for Earnings Before Interest and Taxes, a financial indicator that calculates a firm's profit excluding interest and income tax expenses.

Cost of Capital

A company's expense of funding its operations either through debt, equity, or a combination, representing the return rate investors expect.

Tax Rate

The level at which a person or business's income is subjected to taxation.