Case-Based Critical Thinking Questions

question 31

Multiple Choice

Case-Based Critical Thinking Questions
Case 1-1
Using PowerPoint 2016, Ethan develops a short five-slide presentation for his marketing project.
-Ethan has not saved his PowerPoint file yet, and it appears with a temporary filename "____" followed by a number.

• A)File
• B)Presentation
• C)Temporary
• D)Placeholder

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Definitions:

Private Corporations

Companies that are owned by a small group of individuals and do not offer their shares of stock to the general public.

ASPE

Accounting Standards for Private Enterprises; a set of accounting standards for private companies in Canada.

Mortgage Payable

A liability representing money owed on a long-term loan used to purchase property, typically secured by the property itself.

Financing Activities

Transactions related to raising capital and repaying shareholders, including issuing equity, obtaining loans, and paying dividends.