The Owner of a Small Consulting Business Paid for a New

question 85

Multiple Choice

The owner of a small consulting business paid for a new copy machine on his company credit card. This item is listed as which of the following on the company's balance sheet?

• A) owner's equity
• B) loans payable
• C) an asset
• D) a liability

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Definitions:

Clinical Databases

Specialized databases that store and manage patient and clinical trial data, supporting the healthcare industry's research and patient care efforts.

Health Care Record

A comprehensive document containing all healthcare information, including diagnoses, treatments, and outcomes, for an individual patient.

Communication

Ongoing, dynamic series of events that involves the transmission of meaning from sender to receiver.

Legal Documentation

Official records and documents that serve as evidence of legal proceedings, transactions, or certifications.