All of the Following Are True of the "Rule of Nines

question 41

Multiple Choice

All of the following are true of the "Rule of Nines" EXCEPT ____.

• A)genitalia are 1%
• B)the head and neck are 9%
• C)each arm is 9%
• D)the anterior trunk is 9%
• E)each leg is 18%

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Definitions:

Costs Expire

When a cost is recognized as an expense, typically through depreciation for fixed assets or cost of goods sold for inventory, indicating it has been fully utilized in generating revenue.

Journalized

The process of recording financial transactions in a company's journal, which is the first step in the accounting cycle.

Adjusting Entries

Ledger adjustments made at an accounting period's end to distribute income and spending according to the period they occurred.

GAAP

A body of accounting and financial reporting standards and rules widely adopted, defined as Generally Accepted Accounting Principles.