The Alcoholic Strength of a Distilled Spirit,expressed as Twice the Percentage

question 2

Short Answer

The alcoholic strength of a distilled spirit,expressed as twice the percentage of alcohol present is its _____________.

---

Definitions:

Accounting Record

A documented transaction or financial event that is used in the process of accounting.

Owner's Equity

Owner's equity represents the owner's claim on the assets of a business, calculated as the business's assets minus its liabilities.

Assets Liabilities

Assets are resources owned by a business that have economic value, while liabilities are obligations of a business to transfer resources to another entity in the future.

Accounting Period

A specific period of time used for financial reporting purposes, usually a quarter or a year, to measure business activities and prepare financial statements.