Use the Chart Below to Answer the Following Questions Regarding

question 87

Multiple Choice

Use the chart below to answer the following questions regarding flow chart symbols.

-Which symbol would be used in a flowchart to represent a payroll master file kept on magnetic tape?

• A)#4
• B)#7
• C)#8
• D)#11

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Definitions:

Total Liabilities

The combined amount of debts and obligations that a company owes at a certain point in time.

Book Value

The net value of an asset calculated as the original cost minus depreciation, amortization, or impairment costs.

Cash Dividends

Payments made by a company out of its profits to its shareholders, typically in the form of cash.

Preferred Shares

A class of ownership in a corporation that has a higher claim on assets and earnings than common shares, usually with fixed dividends.