The Default Chart in the Insert Chart Dialog Box Is

question 80

Multiple Choice

The default chart in the Insert Chart dialog box is the ____ chart.

• A) Line
• B) Bar
• C) Column
• D) Pie

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Definitions:

Expense Recognition Principle

An accounting principle that dictates that expenses should be recognized in the period in which they contribute to the generation of revenue.

Income Statement

A financial report that shows a company's revenues, expenses, and profits over a specific period, indicating its financial performance.

Incurred

Refers to costs or expenses that have been recognized or acquired, usually due to a company's operations or activities.

Interest Expense

The cost incurred by an entity for borrowed funds, representing the price paid for the use of borrowed money or for delaying the repayment of a debt.