Date Variables Are Automatically Set to Which Value When Created

question 19

Multiple Choice

Date variables are automatically set to which value when created?

• A) 12:00 AM January 1, 1980
• B) 12:00 AM January 1, 2000
• C) 12:00 AM January 1, 0001
• D) 12:00 AM January 1, 0000

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Definitions:

Insurance Expense

An accounting term that refers to the cost associated with purchasing insurance policies to protect against various risks.

Accounts Receivable

The money owed to a company by its customers for goods or services delivered but not yet paid for.

Prepaid Insurance

An asset account that represents insurance payments made in advance and expensed over the coverage period.

Common Stock

Equity ownership in a corporation, representing a share in its assets and earnings.