Case 10-2 Peter Is Fixing Some Code Written by Another Employee. First

question 27

Multiple Choice

Case 10-2
Peter is fixing some code written by another employee. First he is working on understanding the current code.
< head>
< title>HTML and JavaScript< /title>
< style type="text/css">
h1 {color:red}
h2 {color:blue}
h3 {color:purple}
p {color:black}
< /style>
< /head>
-Peter also concludes that the heading with the largest type will be ____.

• A) purple
• B) blue
• C) black
• D) red

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Definitions:

Indebtedness Guarantees

Commitments made by one party to assume responsibility for the debt obligation of another party if that party fails to make payment.

Noncollectibility Receivables

Accounts receivable that are considered unlikely to be collected by a business.

Gain Contingencies

Possible gains or income that a business might receive, contingent upon future events that can't be predicted with certainty.

Footnotes

Supplementary notes at the bottom of financial statements providing additional detail about data or items on the statements.