The Synopsis of a Formal Report Is

question 68

Multiple Choice

The synopsis of a formal report is

• A)a concise overview of the report's most important points.
• B)a short summary containing subheadings and visual aids.
• C)usually anywhere from two to five pages.
• D)never more than five lines in length.
• E)never longer than a single sentence.

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Definitions:

Double-Entry Accounting

An accounting system in which every business transaction is recorded in an asset account and a liability or owner’s equity account so that the system will balance.

Owner's Equity

The residual interest in the assets of a company after subtracting liabilities, often referred to as shareholder's equity in a corporation.

Liabilities

Financial obligations or debts that a company or individual owes to others.

Asset

A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.