Examine the Figure

question 12

Multiple Choice

Examine the figure. Which of the four lettered columns shows the correct order of slowest wind symbols (top) to fastest wind symbols (bottom) ?

• A)A
• B)B
• C)C

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Definitions:

Misc. Expense

Miscellaneous Expense refers to small, infrequent costs that are not categorized under a specific heading in financial statements.

Misc. Revenue

Miscellaneous revenue refers to income generated from activities not central to a business’s main operations.

Change Fund

Fund made up of various denominations that are used to make change for customers.

Contra-Asset

A contra-asset account is an asset account where the account balance is a negative amount. It's used to offset the value of the asset account it is associated with, such as accumulated depreciation.