Which of the Following Is NOT a Benefit of NASCAR's

question 64

Multiple Choice

Which of the following is NOT a benefit of NASCAR's pre-race inspection app?

• A)It makes it easier for race car drivers to ensure their cars pass inspection the first time.
• B)NASCAR executives can identify trends and patterns to help maintain a level playing field for all racers.
• C)NASCAR officials can drill down on any vehicle to review details about any pending issues.
• D)The pre-race inspection process has been simplified.

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Definitions:

Prepaid Account

An account reflecting payments made in advance for goods or services, which are recognized as expenses when the goods or services are actually consumed.

Accounts Payable

Short-term liabilities representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of the entries.

Journal Entry

A record in accounting that represents a transaction, documenting the debit and credits affected by it.