Templates Can Contain ____

question 42

Multiple Choice

Templates can contain ____.

• A)text
• B)graphics
• C)page layouts
• D)macros
• E) None of the above

---

Definitions:

Net Income

The company's final earnings following the deduction of all expenses and taxes from the gross revenue.

Accrual System

An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transactions occur.

Expenses

The outflow of money to another person or company to pay for an item or service or for a category of costs.

Beginning Inventory

The valuation of inventory available for transaction at the start of an accounting timeframe.