Use a Determinant to Find the Area of the Triangle

question 101

Multiple Choice

Use a determinant to find the area of the triangle with vertices (2,4) , (-2,-3) , and (4,5) .

• A) 24
• B) 7
• C) 5
• D) 11
• E) 25

Appreciate the rationale behind choosing a fiscal year and its impact on financial reporting.

Interpret the significance of adjusted trial balances in the accounting cycle.

Understand the basic concepts of accrual and cash basis accounting.

Identify and apply the principles of revenue recognition and expense recognition.

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Definitions:

Invested Capital

Represents the total amount of money that shareholders and debt holders have invested in a company.

Gross Assets

The total value of all assets owned by an entity before deducting any liabilities or depreciation.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting.

Earnings Benchmarks

Standards or metrics against which a company's profitability can be measured.