Sandy Recently Took a Test and the Chronological Age Was

question 24

Multiple Choice

Sandy recently took a test and the chronological age was calculated to be 10 years,11 months,and 23 days.Which of the following represents the correct rounded chronological age?

• A)10-11
• B)10-12
• C)10.11
• D)10.12

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Definitions:

Accounts Payable

Amounts a company owes to creditors for items or services purchased on credit.

Mortgage Payable

A liability represented by a legal agreement granting a lender a lien on real estate property as security for the repayment of a loan.

Provisions

Liabilities of uncertain timing or amount, recognized on the financial statements for expected losses or expenses.

Defined Contribution Plans

A type of retirement plan where the employer, employee, or both make contributions on a regular basis, and future benefits depend on the investment's performance.