ABT Corporation Uses Block Coding for Its Chart of Accounts

question 58

Multiple Choice

ABT Corporation uses block coding for its chart of accounts, which includes Cash (101) , Land (201) , Accounts payable (301) and Retained Earnings (501) .Which of the following account numbers is most likely associated with an account that will appear on the income statement?

• A)101
• B)102
• C)401
• D)601

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Definitions:

Tolerate Uncertain

The ability to remain calm and functional despite not knowing outcomes or having incomplete information.

Autonomic Physiological Functions

Bodily functions that are not consciously controlled, such as heart rate, digestion, and respiratory rate.

Biofeedback

A technique that teaches patients to control bodily processes that are normally involuntary, like heart rate or blood pressure, through monitoring and feedback.

Meridians

In traditional Chinese medicine, pathways in the body along which vital energy flows, associated with acupuncture and acupressure points.