You May Declare an Unlimited Number of Variables in a Statement

question 7

Multiple Choice

You may declare an unlimited number of variables in a statement as long as the variables are ____.

• A) the same data type
• B) initialized to the same value
• C) properly commented
• D) floating point numbers

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Definitions:

Financing Activity

Transactions involving the flow of cash between a company and its owners and creditors, including issuing stocks, paying dividends, and borrowing or repaying loans.

Transactions

The financial events that affect the assets, liabilities, and equity of an entity, involving transfers or exchanges between two parties.

Cash Flows

The net amount of cash being transferred into and out of a business.

General Journal

The primary accounting record used for recording all day-to-day financial transactions of a company.