Which Is Not a Characteristic of an Effective Summary Table

question 104

Multiple Choice

Which is not a characteristic of an effective summary table?

• A)The main point should be clear within 10 seconds.
• B)Data to be compared should be displayed in rows, not columns.
• C)Data should be rounded to three or four significant digits.
• D)Use space instead of lines to separate columns.

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Definitions:

Carrying Value

Carrying Value is the book value of an asset or liability on a company's balance sheet, calculated as the original cost minus depreciation, amortization, or impairment costs.

Mortgage Note

A legal document that binds a borrower to repay a loan used to purchase property, outlining the terms of the mortgage.

Financing

The process of providing funds for business activities, making purchases, or investing.

Annual Installment

A fixed amount of money paid back to a lender once a year, typically used in the repayment of long-term loans.