Ninety Adults Are Expected to Attend a Book Signing $11 \frac { 1 } { 8 }$

question 85

Multiple Choice

Ninety adults are expected to attend a book signing. Each adult will drink 2 c of coffee. How many gallons of coffee should be prepared?

• A) \(11 \frac { 1 } { 8 }\) gal
• B) \(12 \frac { 1 } { 4 }\) gal
• C) \(11 \frac { 1 } { 4 }\) gal
• D) \(22 \frac { 1 } { 2 }\) gal
• E) \(45 \frac { 7 } { 4 }\) gal

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Definitions:

Real Accounts

Accounts that represent assets, liabilities, and equity, and whose balances are carried over from one fiscal year to the next.

Adjusted Trial Balance

A list of all company accounts and their balances after adjustments are made, used for preparing financial statements.

Equity Accounts

Financial accounts that represent the owner's interest in a company, including common stock, preferred stock, and retained earnings.

Statement of Stockholders' Equity

A financial statement that outlines the changes in the equity section of the balance sheet during a specific period, including investments by and distributions to shareholders.