FIGURE EX 5-1 In Figure EX 5-1 above, the Pmt figure is -250. The negative number means ____.
A) the entry is income
B) the entry is a payment
C) there is an error
D) the person is behind on their payments

Question

FIGURE EX 5-1  In Figure EX 5-1 above, the Pmt figure is -250. The negative number means ____.
A) the entry is income 
B) the entry is a payment 
C) there is an error 
D) the person is behind on their payments

Quizplus · Accepted Answer

The negative Pmt figure (-250) indicates a payment, as payments are typically represented as negative values in financial tables and equations.

FIGURE EX 5-1 in Figure EX 5-1 Above, the Pmt