Which Data Would Be Measured Over an Interval of Time

question 6

Multiple Choice

Which data would be measured over an interval of time as opposed to at a point in time?

• A)Toyota's total revenue for fiscal 2010
• B)Toyota's salaried employee head count at the end of June 2010
• C)Toyota's short-term indebtedness at the end of fiscal 2010
• D)Toyota's inventory of unsold vehicles on December 31, 2010

---

Definitions:

Month-End Adjusting Entry

Journal entries made at the end of the reporting period to update the accounts for accurate financial reporting.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, recognized as assets on the balance sheet until they are expensed.

Management Services

Provided by a specialized team or firm, these services include a wide range of administrative and support functions to improve efficiency and effectiveness within an organization.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.