A Written Report May Be Considered Incomplete Because It

question 2

Multiple Choice

A written report may be considered incomplete because it

• A)is too brief.
• B)includes interesting but not vital information.
• C)is too long.
• D)includes statistical calculations unfamiliar to the reader.
• E)All of these are sources of report incompleteness.

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Definitions:

Accounts Payable

Money owed by a company to its suppliers or vendors for goods and services received but not yet paid for.

Accounts Affected

The specific accounts in the general ledger that are impacted by financial transactions.

Financial Statement

A summary report that quantitatively describes the financial health of a company, including income statements, balance sheets, and cash flow statements.

Normal Balance

The normal balance is the side (debit or credit) of an account that is normally expected to have a higher balance.