Which of the Following Is True of Transmittal Messages

question 70

Multiple Choice

Which of the following is true of transmittal messages?

• A) A transmittal message is nonpersonalized.
• B) Even in cases of extreme formality, the use of personal pronouns and conversational language is avoided in transmittal messages.
• C) A transmittal letter does not identify a report's purpose or contents.
• D) A transmittal message ends with a pleasant, forward-looking comment.
• E) The transmittal letter and the executive summary should not be combined.

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Definitions:

Net Of Tax

Refers to the amount remaining after taxes have been deducted, used to describe financial results or figures that are exclusive of tax effects.

Net Realizable Value

Net realizable value is the estimated selling price of goods, minus the estimated costs of completion and the costs necessary to make the sale.

Interim Financial Report

A financial report covering a period of less than one fiscal year that provides an update on a company's financial status.

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.