Format Modifiers, If Used, Must Always Be Placed Immediately After

question 35

Multiple Choice

Format modifiers, if used, must always be placed immediately after the ____ symbol.

• A) !
• B) =
• C) %
• D) ")"

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Definitions:

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, recognizing the decrease in value of the asset over time.

Inventory Account

An account on a company’s balance sheet that represents the value of the goods that are ready for sale but have not yet been sold.

Consolidation Adjustment

Adjustments made during the preparation of consolidated financial statements to eliminate the effects of inter-company transactions among entities within a single group.

Contingent Liability

A liability that may occur depending on the outcome of a future event.