The Most Common Formats for a Report Are

question 78

Multiple Choice

The most common formats for a report are

• A)memorandum,letter,and manuscript.
• B)transmittal,supplemental,and reference.
• C)formal,informal,and synthesized.
• D)introduction,body,and conclusion.
• E)informational,persuasive,and recommendation.

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Definitions:

Write-Down

A reduction in the book value of an asset when its market price falls below its carrying value on the balance sheet.

Gross Profit

The difference between revenue and the cost of goods sold, representing the basic profitability of the products or services sold by a company.

Pretax Income

The income of a business before income taxes are deducted.

Understated

Describes a financial statement element that is reported at a figure less than its actual value, potentially misleading users of the statements.