Solve for X to Two Decimal Places (Using a Calculator)

question 59

Multiple Choice

Solve for x to two decimal places (using a calculator) .
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• A) 8.58
• B) 1.35
• C) 520
• D) 1.40

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Definitions:

Mortgage Payable

A liability account on the balance sheet representing the amount owed by a company or individual for the property's mortgage.

Asset

Resources owned or controlled by a business that are expected to provide future economic benefits, including tangible and intangible items.

Liability

An economic obligation or debt owed by a company to others, typically other businesses or employees.

Contra-Asset

An account on a company's balance sheet that reduces the total value of assets, often used for accumulated depreciation or allowances for bad debts.