The First Card Selected from a Standard 52-Card Deck Was

question 42

Multiple Choice

The first card selected from a standard 52-card deck was a king. If it is NOT returned to the deck,what is the probability that a king will be drawn on the second selection?

• A)1/3 or 0.33
• B)1/51 or 0.0196
• C)3/51 or 0.0588
• D)1/13 or 0.077

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Definitions:

General Ledger

A comprehensive set of accounts that records all transactions of a business, including assets, liabilities, equity, revenue, and expenses.

Chart of Accounts

A systematic listing of all ledger account titles and numbers used by a company to classify financial transactions.

Ledger Accounts

Individual accounts within the ledger that record changes to specific financial statement items, summarizing transaction effects.

Financial Statement Order

The sequence in which financial statements are prepared and presented, typically starting with the balance sheet, followed by the income statement, and then the cash flow statement.