Cheryl Liao Is an Accountant at Folding Squid Technologies

question 5

Multiple Choice

Cheryl Liao is an accountant at Folding Squid Technologies.While making an adjusting entry to the general ledger,she received the following error message,"Your journal entry must be a numeric value.Please reenter." This message was the result of a

• A) validity check.
• B) field check.
• C) zero-balance check.
• D) completeness test.

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Definitions:

Franchise

A business model where individuals or entities are granted the rights to operate a business under the brand and guidance of an established company.

Disclosure Statements

Documents that outline the critical information and financial details every party involved needs to know in a financial transaction or legal agreement.

American Franchisee Association

An organization that represents the interests and rights of franchise owners in the United States.

Trade Association

A trade association is an organization founded and funded by businesses that operate in a specific industry, designed to promote common interests, provide resources, and advocate for policies favorable to the industry.