Which of the Following Statements About Payroll and Fixed Asset

question 78

Multiple Choice

Which of the following statements about payroll and fixed asset processes is true?

• A)Both have only routine processes
• B)Both have only nonroutine processes
• C)Both have routine and nonroutine processes
• D)Payroll has only routine processes, while fixed assets has only nonroutine processes

---

Definitions:

Total Assets

The sum of all resources owned by an entity that are recognized as having economic value.

Net Income

The total profit of a business after all expenses and taxes have been deducted from total revenue.

Internal Growth Rate

The maximum rate at which a company can expand using only its own sources of funding without resorting to external financial options.

Constant Percentage

A fixed percentage rate applied to various mathematical and financial calculations.