Bootstrapping Refers To: ​

question 19

Multiple Choice

Bootstrapping refers to: ​

• A)Getting by on as few resources as possible
• B)Leasing or sharing ​
• C)Using other people's money
• D)A through c
• E)A and b only

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Definitions:

Basic Accounting Equation

Represents the foundation of double-entry bookkeeping, stating that assets equal liabilities plus equity.

Assets

Resources owned by a business that are expected to provide future economic benefits.

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Internal Transactions

financial events that affect the internal accounting of an organization without involving another entity.