Which of the Following Is Applicable to the Development of Headings

question 49

Multiple Choice

Which of the following is applicable to the development of headings for a report?

• A) Something must divide into at least three parts or it should not be divided into subdivisions.
• B) Headings at the same level must use consistent grammatical construction.
• C) Headings at the same level must be consistent in font and type style.
• D) B & C are correct.

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Accounts Receivable

Outstanding payments from customers for goods or services rendered by a company which have not been settled yet.

Direct Method

A way of preparing the cash flow statement where actual cash inflows and outflows from operating activities are reported, as opposed to the indirect method.

Operating Expenses

The costs associated with the normal operations of a business, such as rent, utilities, and payroll, excluding cost of goods sold.