Gasoline Volatility Is Being Discussed

question 59

Multiple Choice

Gasoline volatility is being discussed. Technician A says gasoline blended for summer use is more volatile than winter gasoline. Technician B says in high altitude areas, fuels must be blended to have higher volatility.

• A)A only
• B)B only
• C)both A and B
• D)neither A nor B

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Definitions:

Accounts Receivable

Money owed to a company by its customers for goods or services delivered but not yet paid for.

Retained Earnings Account

An equity account on the balance sheet that represents the accumulated net income of a company that has not been distributed to shareholders as dividends.

Dividends Account

An account in the ledger that records dividends paid out to shareholders by a company.

Retained Earnings Account

An equity account that represents the accumulated portion of net income not distributed to shareholders in the form of dividends.