Any Event That Has a Financial Impact on the Business

question 62

Multiple Choice

Any event that has a financial impact on the business and can be measured reliably is a(n) :

• A) expense.
• B) transaction.
• C) asset.
• D) journal.

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Definitions:

Kyphosis

A deformity of the spine characterized by a bent-over position; more commonly called humpback.

Bone Density

A measure of the amount of minerals (mainly calcium and phosphorous) contained in a certain volume of bone, reflecting its strength and risk for fracture.

"Humpback"

A colloquial term for Kyphosis, a condition characterized by an excessive outward curve of the spine, leading to a hunched posture.

Hearing Impairment

A partial or total inability to hear sound in one or both ears.