Which of the Following Statements Is LEAST-Likely True

question 17

Multiple Choice

Which of the following statements is LEAST-Likely true?

• A) Until 1981, every manufacturer had its own sequence and meaning for the numbers of the VIN.
• B) In 1981, VIN codes were standardized.
• C) Many manuals have separate sections for component repair like starters, alternators, transmissions, or differentials.
• D) Service records are usually found in the engine.

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Definitions:

Journal Entries

The basic unit of accounting record that details a financial transaction, showing debits and credits to accounts impacted by the transaction.

Honoring

The act of fulfilling or adhering to agreements, commitments, or payments.

Dishonoring

Dishonoring occurs when a promised payment, such as a check or electronic payment, is not completed due to insufficient funds or rejection by the bank.

Note Receivable

A written promise for a specified amount of money to be paid by a debtor at a certain future date.