A/An _____ Is a Person or Entity Who Has Been

question 5

Multiple Choice

A/An _____ is a person or entity who has been authorized to act on behalf of some other person or entity.

• A)principal
• B)manager
• C)agent
• D)employee
• E)sales representative

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Definitions:

Investing Activities

Financial actions related to acquiring or disposing of non-current assets, part of a company's cash flow statement.

Bonds Payable

A long-term liability account that represents the amount owed by an entity to bondholders, to be repaid at a future date.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use, reflecting its decrease in value over time.

Net Income

The remaining profit of a corporation once every expense, tax, and additional cost is deducted from the overall revenue.