Which of the Following Values Cannot Be Stored Accurately Using

question 62

Multiple Choice

Which of the following values cannot be stored accurately using a floating-point format in which the most significant bit is the sign bit,the next three bits represent the exponent field in excess notation,and the last four bits represent the mantissa?

• A) 2 1/2
• B) 3/16
• C) 7
• D) 6 1/4

Understand the deferral method and restrictions on contributions in NFP accounting.

Know how not-for-profit organizations should report capital assets and related amortization.

Understand accounting for investments and relationships between NFP organizations.

Identify how to account for various types of revenue in NFP organizations.

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Definitions:

Ambiguous

Something that can be understood in more than one way or is not explicitly defined, leading to uncertainty or confusion.

Thomas-Kilman Conflict Model

A framework that identifies five approaches individuals use to handle conflict: avoiding, accommodating, competing, compromising, and collaborating.

Compromiser

Someone who uses his or her skills to blend differences and form a workable alternative.

Basic Goals

Fundamental objectives or aims that an individual or organization strives to achieve.