Makayla Is a Corporate CPA Working on a New Budget

question 39

Multiple Choice

Makayla is a corporate CPA working on a new budget.When she lists the company's liabilities,which of the following will she include?

• A) Employees' wages and salaries
• B) Owners' equity
• C) Marketable securities
• D) Computer software

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Definitions:

Raise Price

An action taken by producers or sellers to increase the cost at which goods or services are sold, often in response to market conditions.

Single Firm

Refers to an individual business entity that operates in a market, typically producing goods or services.

Monopoly

A market structure in which a single seller dominates the market for a particular good or service, without any close substitutes.

Monopolistic Industry

An industry dominated by a single firm that has control over pricing and the market, facing little to no competition.