What Is the Most Conceptual Method for Comparing Weights of Two

question 12

Multiple Choice

What is the most conceptual method for comparing weights of two objects?

• A)Place objects in two pans of a balance.
• B)Place objects on a spring balance and compare.
• C)Place objects on extended arms and experience the pull on each.
• D)Place objects on digital scale and compare.

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Definitions:

Discounted Notes

Notes or bonds sold for less than their face value in order to reflect current market interest rates or the issuer's credit risk.

Contra-Asset Account

An account on a company's balance sheet that offsets or reduces the value of an associated asset account.

Reconciling Items

Entries that are made to adjust the books of accounts in order to ensure that two sets of records (usually the bank statement and the company's records) are in agreement.

Adjusting Journal Entry

An entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.