The Demand for Accountants Is a Result of the Complicated

question 53

Multiple Choice

The demand for accountants is a result of the complicated tax code. This is an example of

• A) dependent demand.
• B) resource demand.
• C) derived demand.
• D) none of the above.

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Definitions:

Accounts Receivable

Money owed to a company by its clients or customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Money owed by a company to its creditors for goods and services that have been delivered but not yet paid for.

Accounting Equation

A fundamental principle in accounting that states assets equal liabilities plus owner's equity.

Equipment

Physical assets used in the operation of a business, such as machinery, computers, and furniture.