The Stepped-Leader

question 26

Multiple Choice

The stepped-leader

• A)moves downward in one continuous movement.
• B)occurs after the formation of the return stroke.
• C)creates the pathway for the flow of electrons.
• D)has no similarities to a dart leader.

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Definitions:

Income Summary Account

A temporary accounting ledger that aggregates all income and expenses over a period to calculate net profit or loss.

Adjusting Entries

Bookkeeping entries recorded at the conclusion of an accounting cycle to apportion earnings and outlays to the appropriate period.

Interim Periods

Monthly or quarterly accounting time periods.

Annually

Occurring once every year.