A Small Company Has 7 Employees

question 23

Multiple Choice

A small company has 7 employees. The numbers of years these employees have worked for this company are shown as follows: Based upon this information, the mode number of years that employees have been with this company is:

• A) 16
• B) 2
• C) 9
• D) 10

---

Definitions:

Projected Income Statement

A projected income statement is a financial statement that estimates a company's revenue, expenses, and net income for a future period.

Asset's Life

The expected period during which an asset remains useful for its intended purpose or serviceable.

Straight-Line Depreciation

A technique of distributing the expense of a physical asset across its lifespan in uniform yearly payments.