Which of the Following Would Not Be a Valid Reason

question 64

Multiple Choice

Which of the following would not be a valid reason for keeping currency on hand at a place of business?

• A)To pay small,unforeseen expenses
• B)To make up for any imbalance in the books
• C)To advance money to sales reps for travel expenses
• D)To provide money for cash registers

---

Definitions:

High Risk

Referring to investments or activities with a greater than usual potential for loss or that may involve significant uncertainty.

Equity Method

An accounting technique used to record investments in other companies where the investor has significant influence but not full control.

Investment Account

A financial account that holds securities, cash, and other investments for investors, typically managed by a financial institution or investment firm.

Dividend Income

Income received from owning shares in a company, typically paid out from the company's earnings to its shareholders at set intervals.