In Carrying Out Their Duties, Specialists ________

question 20

Multiple Choice

In carrying out their duties, specialists ________.

• A) simply fill customer market orders or limit or stop orders by similar orders.
• B) are allowed to engage in transactions in securities in which they are registered unless such transactions are necessary to maintain a fair and orderly market.
• C) profit only from those trades in which they are involved; that is, they realize revenue for trades in which they are an agent.
• D) None of these

Record and understand adjusting entries for accrued revenues and expenses.

Calculate and record depreciation as an adjusting entry.

Journalize adjustments for supplies and insurance policies.

Understand the purpose and process of recording adjusting entries in the accounting cycle.

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Definitions:

Mechanical Components

Parts or elements that are part of a larger mechanical system, each serving a specific mechanical function.

Software

General term for the programs and operating information used by a computer.

Input Device

is a hardware component used to enter data or commands into a computer or other electronic systems.

Hardware Component

A physical piece of a computer or electronic system that contributes to the functionality of the machine.