Which of the Following Statements About Emergency Equipment Is MOST

question 185

Multiple Choice

Which of the following statements about emergency equipment is MOST important?

• A) Each piece of equipment should be painted a specific color for easy identification.
• B) Use of emergency equipment should be practiced routinely.
• C) Emergency equipment should include pencils, not pens.
• D) Emergency equipment should be kept clean at all times.

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Definitions:

Revenue

The total amount of money received by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.

Expense Accounts

Accounts used to record transactions relating to expenses incurred by a business, such as costs for materials, utilities, and salaries.

Common Stock

Equity securities representing ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to check the mathematical accuracy of the bookkeeping system.