As of January 2012, Which of the Following Represented the Highest

question 24

Multiple Choice

As of January 2012, which of the following represented the highest percent of the dollar value of noncash transactions worldwide?

• A)Checks.
• B)Card payments.
• C)Debit transfers.
• D)E-money payments.
• E)Credit transfers.

---

Definitions:

Accrued Expense

Expenses that have been incurred but not yet paid for, typically recorded through adjusting journal entries.

Stockholders' Equity

The remaining value of a company's assets after all debts are paid off, which reflects the shareholders' stake in the corporation.

Assets

Resources owned or controlled by a company that are expected to produce future economic benefits.

Net Income

The remaining profit of a company after expenses and taxes are taken out of its revenue.