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Over the Years, Records Progressed from a Completely Paper File

question 34

Multiple Choice

Over the years, records progressed from a completely paper file to a(n) ____________________ containing paper that was scanned into a file combined with electronic images.


Definitions:

Journal Entries

Recorded transactions in the accounting books that track all financial activities of a business.

Common Stock

A type of security that represents ownership in a corporation, with holders usually having voting rights and a claim on profits in the form of dividends.

Stock Dividend

A dividend paid to shareholders in the form of additional shares of stock rather than cash.

Stock Split

A corporate action that increases the number of shares outstanding by dividing each share, which typically reduces the share price.

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