Directions: Apply the Knowledge You Have Gained from Chapter 11

question 13

Multiple Choice

Directions: Apply the knowledge you have gained from Chapter 11 to select the best answer to the questions about the following reading passages.
In 1863 Secchi studied 4,000 different star patterns and concluded that every star in the sky could be categorized into one of five classes based on unique patterns. At the time, such a classification was revolutionary. It formed a new understanding of the universe. Today, Secchi's system of classification is considered out of date, and a more detailed classification system has emerged, grouping stars into seven classes based on surface temperature, color, and size.
Use the details in the reading passage to fill in the line diagram correctly:

• A) temperature
• B) size
• C) pattern
• D) color

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Definitions:

Par Value

The face value of a bond or stock, as stated on the certificate, which is the amount the issuer agrees to pay at maturity (for bonds) or an arbitrary value assigned for shares.

Journal Entry

A record in accounting that represents a single transaction and its impact on the financial statements, made up of debits and credits.

Purchase Price

The amount of money paid or agreed to be paid by the buyer to acquire a good or service from the seller.

Treasury Stock

Stock that has been repurchased by the issuing company, reducing the amount of outstanding stock on the open market.