If the Star Polaris Has an Altitude of 35°,then We

question 86

Multiple Choice

If the star Polaris has an altitude of 35°,then we know that:

• A)our longitude is +55°
• B)our latitude is +55°
• C)our longitude is −35°
• D)our longitude is +35°
• E)our latitude is +35°

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Definitions:

Credit

A financial term denoting the ability to obtain goods or services before payment, based on the trust that payment will be made in the future.

Asset Accounts

Accounts that represent the different types of economic resources owned or controlled by a business, such as cash, inventory, and equipment.

General Ledger

A complete record of all financial transactions over the life of a company, serving as the primary source of information for the financial statements.

Chart of Accounts

A systematic listing of all accounts used by an organization, typically organized by type such as assets, liabilities, equity, revenues, and expenses.