When an Online Book Is Being Used, Teachers Must Be

question 1

Multiple Choice

When an online book is being used, teachers must be sure to:

• A)use the physical book as well.
• B)use the program only with older children.
• C)keep the program separate from other activities.
• D)allow only one child at a time to use it.

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Internal Transactions

financial events that affect the internal accounting of an organization without involving another entity.

External Transactions

Financial activities involving an entity and another party outside the entity, such as sales, purchases, and financing agreements.

Basic Accounting Equation

The fundamental principle of accounting: Assets = Liabilities + Equity, reflecting the balance of a company's financial position.