The Posting Process Will Include the Transfer of the Following

question 104

Multiple Choice

The posting process will include the transfer of the following information from the journal to the account.

• A) date, amount (debit or credit)
• B) date, amount (debit or credit), journal page number
• C) amount (debit or credit), account number
• D) date, amount (debit or credit) account number

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Definitions:

Noncumulative

A term often related to preferred stock, describing dividends that, if not declared by the board of directors, are not owed to shareholders and do not accumulate.

Preferred Stock

Preferred stock is a type of stock that gives holders preferential treatment over common stock, such as fixed dividends and priority in asset liquidation.

Par Value

The face value of a bond or stock as specified by the issuing corporation.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and holds, reducing the amount of outstanding stock on the market.