A Person Who Provides Services to a Business but Is

question 6

Multiple Choice

A person who provides services to a business but is not employed by that business is called a/an

• A) Dependent contractor
• B) Independent contractor
• C) Outcast
• D) Insourcer

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Definitions:

Indirect Method

A way to report cash flows from operating activities by starting with net income and adjusting for non-cash transactions.

Common Shares

Shares of ownership in a corporation that grant holders voting rights and a residual claim on the corporation's assets and earnings.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, including issuing debt, selling stock, or paying dividends.

Issue of Shares

Refers to the process by which a corporation issues new shares of stock to raise capital, often to expand or to undertake new projects.