Which of the Following Steps Are in the Correct Order

question 16

Multiple Choice

Which of the following steps are in the correct order for storing records in a geographic file? ​

• A)code, sort, cross-reference, inspect, index, and store
• B)inspect, index, code, cross-reference, sort, and store
• C)index, cross-reference, sort, code, store, and inspect
• D)inspect, code, index, cross-reference, sort, and store

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Definitions:

Operating Section

A component of the income statement where the primary revenues and expenses of a company's core business activities are detailed.

Interest Expense

The cost incurred by an entity for borrowed funds over a particular period of time, typically expressed as a rate of the principal.

Statement of Cash Flows

A financial document that provides a detailed analysis of a company's cash inflow and outflow over a certain period, showing how the company's cash position changes.

Current Assets

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