About ____ Percent of Businesses in Canada Have Fewer Than

question 137

Multiple Choice

About ____ percent of businesses in Canada have fewer than 100 employees.

• A)10
• B)26
• C)40
• D)98

---

Definitions:

Equipment

Tangible property used in operations, such as machinery, computers, and furniture, which has a useful life longer than one fiscal period.

Accounts Payable

Liabilities or debts owed by a company to suppliers or creditors for goods or services purchased on credit.

Purchases Journal

A specific type of accounting record where a business records all transactions related to the acquisition of goods intended for resale or for use in production.

Cash Receipts Journal

A specialized accounting journal used to record all cash inflows of a business, including sales and debt collections.