The _____ Displays Numbers with a Fixed Dollar Sign to the Left

question 47

Multiple Choice

The _____ displays numbers with a fixed dollar sign to the left of the number, a comma every three positions to the left of the decimal point, and displays numbers to the nearest cent.

• A)Comma style format
• B)Accounting number format
• C)Percent style format
• D)Currency style format

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Definitions:

Book Value

The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from total assets.

Historical Cost

The actual cost of an asset at time of purchase.

Legal Liability

Obligations under the law arising from civil actions or claims against an entity or individual, encompassing contractual obligations and tort claims.

Limited Life

A concept depicting that an entity or asset has a finite operational life or duration of existence.