Most business enterprises in the United States are
a. government units.
b. partnerships.
c. sole proprietorships.
d. corporations.
C
You might also like to view...
For a current liability to exist, the liability must be due usually within a year and must be paid out of current assets
a. True b. False Indicate whether the statement is true or false
To record wages earned but not paid under the modified cash basis of accounting would require
a. debiting Wages Payable and crediting Wages Expense; b. debiting Cash and crediting Wages Expense; c. debiting Wages Expense and crediting Wages Payable; d. debiting Prepaid Wages and crediting Wages Payable; e. none of these
To be certified as a benefit corporation (or B-Corp), an organization is rated on all the following except:
a. how its employees are treated b. its global mission c. how it benefits the community in which it operates d. its impact on the environment
Deposits in transit are deposits made and recorded by the depositor but not yet recorded on the bank statement.
Answer the following statement true (T) or false (F)