The Border-Collapse Property with a Value of _____ Is Used

question 49

Multiple Choice

The border-collapse property with a value of _____ is used to display a table with single, consolidated borders.

• A) consolidate
• B) 0
• C) 1
• D) collapse

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Definitions:

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits and retained earnings that the company pays out to its shareholders.

Cost of Goods Sold

Outlays that directly contribute to the manufacture of goods sold by a company, comprising labor and materials.

Cash Basis

An accounting method that recognizes revenues and expenses only when money is actually received or paid out.