When Assets Are Distributed to the Owners of a Corporation

question 120

Multiple Choice

When assets are distributed to the owners of a corporation, these distributions are termed

• A)depletions.
• B)consumptions.
• C)dividends.
• D)a credit line.

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Definitions:

Billing

The process of sending or presenting invoices to customers for goods or services provided.

Invoice

A document issued by a seller to a buyer, detailing products or services sold, including quantities, prices, and terms of payment.

Preparation

The action or process of making ready or being made ready for use or consideration.

Toy Manufacturing

The process of designing, producing, and distributing toys.