The Number 486,000 Is Equal To

question 18

Multiple Choice

The number 486,000 is equal to:

• A) 4.86×10²
• B) 4.86×10 ^{- 4}
• C) 4.86×10³
• D) 4.86×10⁴
• E) 4.86×10⁵

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Definitions:

Revenue Account

An account that tracks the income earned from normal business operations, such as sales of goods or services.

Sales Tax Payable

A liability account in a company's financial statements, representing sales tax collected from customers but not yet remitted to the government.

Sale

The exchange of a product or service for money, constituting the main operational activity for most businesses.

Liability Account

An accounting record that holds the amounts owed by a company to creditors, suppliers, or lenders.