A Small Business Owner Should Not Use the Cash Basis

question 20

Multiple Choice

A small business owner should not use the cash basis if

• A) The business extends credit
• B) The business has high debt
• C) The business has low sales
• D) The business has increasing expenses

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Definitions:

Erythropoiesis

The production of red blood cells in the bone marrow.

Hemoglobin

A protein in red blood cells that carries oxygen from the lungs to the rest of the body and carbon dioxide back to the lungs.

Abbreviation

A downsized version of a word or phrase.

Acute Lymphocytic Leukemia

A type of cancer of the blood and bone marrow that affects white blood cells and is most common in children.