Which Statement Is an Example of a Technological Trend

question 83

Multiple Choice

Which statement is an example of a technological trend?

• A)The Federal Reserve announces that it will decrease the interest rate it charges banks.
• B)Congress passes legislation that increases the tax rates on corporations.
• C)A new computer chip is announced which will allow for miniaturization of many electronic devices.
• D)The E.U.announces an increase in tariffs on all agricultural goods.

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Definitions:

Understated

Describes an item that is reported at a figure less than the actual amount.

Bank Reconciliation

Aligning an organization's bookkeeping figures for a cash account with the related details found on a bank statement.

Checkbook Balance

The balance of a checking account according to the checkbook's records, not necessarily the same as the bank statement balance.

Journal Entries

Records of financial transactions in the chronological order made in the accounting journals.