Write the Fraction in Simplest Form

question 17

Multiple Choice

Write the fraction in simplest form. ​ ​

• A) ​
• B) 1
• C) 0
• E) ​

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Definitions:

Bank Statement Adjustment

Modifications made to the balance of a bank account to reflect transactions or corrections not initially recorded.

Note Collected

The process of receiving payment on a promissory note or similar financial instrument.

Internal Control

Mechanisms implemented by a business to ensure the integrity of financial and accounting information and compliance with laws and regulations.

Control Procedures

Actions and activities that are implemented to prevent, detect, and correct inaccuracies and fraud in the financial statements.