Case-Based Critical Thinking Questions Case 9-1 Jill Has a Company

question 52

Multiple Choice

Case-Based Critical Thinking Questions Case 9-1 Jill has a company called Wrap It Up, which sells gift wrap. Since her business has expanded, she now needs to become more organized and create an electronic order form that can be e-mailed and faxed to her customers. Jill wants to avoid having her customers format text they enter, so she sticks with the _______ content control.

• A) Rich Text
• B) Plain Text
• C) Text
• D) HTML Text

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Definitions:

Record

To document financial transactions in an accounting system.

Treasury Stock

Represents the shares that have been issued and subsequently reacquired by the corporation, not yet retired.

Par Common Stock

The face value of a share of stock as stated in the corporate charter.

Cost Method

An accounting method used to value inventory or investments at their original purchase cost.