Franklin Is Giving a Speech at a Medical Convention

question 29

Multiple Choice

Franklin is giving a speech at a medical convention. He understands that his audience cares deeply about saving lives. His audience believes that every cost should be considered when human lives are at stake. He is speaking to them about a new medical technology that can save lives. Which part of this description speaks of audience values?

• A) Franklin is giving a speech at a medical convention.
• B) He understands that his audience cares deeply about saving lives.
• C) His audience believes that every cost should be considered when human lives are at stake.
• D) He is speaking to them about a new medical technology that can save lives.

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Definitions:

Journal

A record where all financial transactions are initially recorded, using debits and credits, before being posted to individual accounts.

Increase Side

Refers to the side (debit or credit) of an account that is used to increase its balance, varying by account type.

Normal Balance

The side (debit or credit) on which increases are recorded in an accounting ledger; varies depending on the account type (asset, liability, equity, revenue, or expense).

Post Reference Column

A column in journal and ledger accounts that helps in cross-referencing entries between these two accounting records.