A Flip Chart Is _________________________

question 20

Multiple Choice

A flip chart is _________________________.

• A) a series of graphs in a binder
• B) a projection that can be flipped from one section to another
• C) a large pad of paper mounted on an easel
• D) a series of directions

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Definitions:

Notes Payable

A written agreement where the borrower promises to pay back a specified sum to the lender by a certain date.

Interest Expense

The amount a company has to spend over time for taking out loans.

Sales Taxes Payable

This account reflects the amount of sales tax collected from customers by a company on behalf of state and local governments, which is to be remitted to those governments.

Remittance

The process of sending payment from one party to another, often from a buyer to a seller or from an employer to an employee.