Flowcharts Are Used to ______________

question 5

Multiple Choice

Flowcharts are used to ______________

• A)summarize large amounts of statistical data.
• B)demonstrate the relative sizes of the parts of a whole.
• C)show how something looks.
• D)illustrate processes and procedures.

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Definitions:

Capital Account

A financial statement account that shows the equity ownership of shareholders or owners in a company.

Owners' Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership's value in the company.

Capital Balances

The amount of capital that remains in a business after deductions, representing the residual interest in the firm's assets after liabilities have been deducted.

Net Income

The profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.