Tucker Is Asked to Count the Toes on His Left

question 184

Multiple Choice

Tucker is asked to count the toes on his left foot and report the total. Tucker says, "1, 4, 5, 2, 3. There are three!" Tucker is demonstrating the ____ principle of counting.

• A)one-to-one
• B)stable-order
• C)organization
• D)cardinality

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Definitions:

Installment Accounts Receivable

Receivables from sales where the customer makes regular payments over a period until the full purchase price is paid.

Dishonoring a Note

The failure to pay a promissory note when it comes due, resulting in a default.

Pledging Accounts Receivable

The practice of using accounts receivable as collateral for a loan.

Internal Control

Systems and processes put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.