Kylie Is a Recent High School Graduate Who Has Started

question 34

Multiple Choice

Kylie is a recent high school graduate who has started college. Which action should Kylie take to successfully meet her college's expectations?

• A) Schedule study time and identify helpful study strategies for each of her classes.
• B) Pick up as many extra shifts at work as possible to reduce her student loan debt.
• C) Attend about half of her classes to catch up on homework and e-mail her instructors to see what she missed.
• D) Attempt to find answers to her questions independently to avoid looking weak.

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Definitions:

Year-End

The completion of an accounting period, typically a 12-month cycle, at which time a company prepares financial statements and closes its books.

Unearned Revenue

Unearned revenue refers to money received by a company for goods or services yet to be delivered or performed, hence recognized as a liability until the service is completed.

Financial Statements

Reports that summarize the financial activities and condition of a business or individual.

Liability

A financial obligation or amount owed by a company to creditors, employees, tax authorities, or other entities.