When Adding and Subtracting, the Number of Significant Figures in the Answer

question 17

Multiple Choice

When adding and subtracting, the number of significant figures in the answer is determined by _____.

• A)the most precise number
• B)the least precise number
• C)the number with the most significant figures in the calculation
• D)the number with the fewest significant figures in the calculation

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle if longer than a year.

Short-term Note

A financial instrument typically due for repayment within one year, often used for short-term financing needs.

Long-term Debt

Refers to loans or other forms of financial obligations that are due for repayment beyond the next year or operating cycle.

Assets Financed

The acquisition of assets (e.g., equipment, property) using debt or other financial instruments rather than direct payment.