What Should You Do If an Instructor Says Something That

question 2

Multiple Choice

What should you do if an instructor says something that is somewhat important, but not very important, during a lecture?

• A) listen closely without writing it down
• B) write it down as part of a related very important topic
• C) write it down as its own main topic
• D) write it down in your notes and then highlight or underline it

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Definitions:

Balance Sheet

A report detailing a firm's assets, liabilities, and equity of shareholders at a particular moment.

Analyzing Transactions

The process of reviewing and scrutinizing financial transactions to ensure they are correctly recorded in the accounting records.

Ledger

A comprehensive collection of a company's financial accounts, transactions, and balances.

Current Liabilities

Financial liabilities scheduled for payment within a year or the regular business cycle.