Steve Chen and Chad Hurley Are Credited as the Founders

question 25

Multiple Choice

Steve Chen and Chad Hurley are credited as the founders of:

• A) Google.
• B) Zappos.
• C) Facebook.
• D) YouTube.
• E) Yahoo!

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Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Equipment

Durable assets used in the operation of a business, not intended for sale, that are used over time.

Journal Entry

A record in accounting that represents a transaction in the books of account, consisting of debits and credits.

Prepaid Rent

An asset account on the balance sheet representing rent payments made in advance of the rental period.