Expenses

question 25

Multiple Choice

Expenses

• A) are costs the company incurs in carrying on operations.
• B) are a subdivision of owner's equity.
• C) record personal expenses not related to the business.
• D) Both A and B are correct.

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Definitions:

Guilt And Shame

Guilt refers to the feeling of remorse for having done something wrong, while shame involves feeling embarrassed or humiliated by one's actions, character, or associations.

Constructive

Serving a useful purpose; tending to build up.

Destructive

Causing great and irreparable harm or damage.

Duchenne Smile

A genuine smile that involves contraction of both the zygomatic major muscle (raising the corners of the mouth) and the orbicularis oculi muscle (raising the cheeks and forming crow's feet around the eyes).