Which of the Following Dates Is Written Correctly for Inclusion

question 22

Multiple Choice

Which of the following dates is written correctly for inclusion in the heading of a letter?

• A) 5/1/07
• B) May 1st, 2016
• C) May 1, 2016
• D) May 1, '16

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Definitions:

Apply

To make use of or put into effect; in accounting, it may refer to applying principles or policies.

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Split-Off Method

A cost allocation method used in process costing that divides joint costs among different products at the point of separation.

Joint Costs

The costs incurred in the process of producing two or more products simultaneously from the same input or process.