Which of the Following Is Not a Feature of Special

question 118

Multiple Choice

Which of the following is not a feature of special journals?

• A) They produce an efficient division of labor.
• B) They eliminate the need for a general journal.
• C) Good system design could collapse sales and cash receipts into one journal to better suit a business.
• D) They allow posting of amounts as column totals rather than as individual amounts.
• E) They are efficient tools in helping journalize and post transactions.

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Definitions:

Stock Split

A corporate action that increases the number of a company's outstanding shares by dividing each share, which in turn reduces the price per share, making the stock more accessible to investors.

Basic Earnings Per Share

A measure of a company's profitability that shows how much of its profits are allocated to each share of common stock.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the market capitalization remains unchanged.

Basic Earnings Per Share

A calculation that measures the profitability available to a company's common shareholders, dividing net income by the number of common shares outstanding.