Which Item Below Is Not Considered a Major Input to the General

question 6

Multiple Choice

Which item below is not considered a major input to the general ledger and reporting system?

• A)summary entries from the major subsystems
• B)reports from managers
• C)adjusting entries
• D)financing and investing activities

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Definitions:

Weather Futures

Financial derivatives that allow for the hedging against or speculation on weather conditions, such as temperature or precipitation levels.

Treasury Notes Futures

Futures contracts based on U.S. Treasury notes, which are debt securities issued by the U.S. government with maturities ranging from two to ten years.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the principal, paid by the borrower for the use of borrowed funds.

Long Position

Owning or buying securities with the expectation that their value will increase over time, allowing the investor to profit from the appreciation.