Case-Based Critical Thinking Questions Case 1-1 Sarah Is a Very

question 1

Multiple Choice

Case-Based Critical Thinking Questions Case 1-1 Sarah is a very active real estate agent. She is looking to purchase a new computer and software so she can keep track of her client's accounts, access the Internet from anywhere in the city, and touch-up photos of real estate properties. Sarah has hired a programmer to create a Web page for her business. What type of programming language will the programmer use?

• A)Python
• B)COBOL
• C)XHTML
• D)BASIC

---

Definitions:

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the correct period for a more accurate financial statement.

Face Value

The nominal value stated on a financial instrument, such as a bond or stock, representing its official worth.

Accrued Interest

Interest that has been incurred but not yet paid or received, often related to bonds or loans.

Bond Interest Expense

The cost incurred by an entity for borrowing funds through the issuance of bonds, represented as interest payments to bondholders.