As an Accountant, Joe's Responsibilities Include

question 88

Multiple Choice

As an accountant, Joe's responsibilities include:

• A) developing plans to help his company establish a supply chain.
• B) setting prices for specific goods and services.
• C) summarizing and interpreting financial information needed by his firm's managers.
• D) developing a fringe benefit program that improves employee morale.

---

Definitions:

Debt

Debt is an amount of money borrowed by one party from another, typically with the arrangement that it will be paid back, often with interest.

De Jure Corporation

A corporation that has fully complied with all legal requirements for incorporation and therefore enjoys all the powers and rights granted to corporations under the law.

De Facto Corporation

A company that operates as if it were legally incorporated, even though it has not completed the necessary legal formalities and documentation.

Corporation By Estoppel

Corporation by estoppel is a legal doctrine preventing someone from denying a business's corporate status when they have treated it as a corporation in previous transactions.