Use the Method of Hamilton to Round Each of the Numbers

question 94

Multiple Choice

Use the method of Hamilton to round each of the numbers in the sum 2.50 + 1.65 + 0.54 + 1.63 + 3.68 = 10 to a whole number, preserving the total of 10.

• A) 3 + 2 + 0 + 2 + 3 = 10
• B) 2 + 2 + 0 + 2 + 4 = 10
• C) 2 + 2 + 1 + 2 + 3 = 10
• D) 3 + 2 + 0 + 1 + 4 = 10

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Definitions:

Non-Adjusting Event

An event that occurs after the reporting period that does not necessitate adjustments to the financial statements because it does not provide new information about conditions at the end of the reporting period.

Doubtful Debts Expense

An accounting concept referring to the provision a company makes to account for amounts it expects will not be collected from debtors.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Long-Service Leave

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