The Positions of Treasurer and Controller Directly Report to The

question 54

Multiple Choice

The positions of Treasurer and Controller directly report to the:

• A) Audit Committee.
• B) Vice-President of Accounting and Finance.
• C) Chief Executive Officer.
• D) Chief Financial Officer.
• E) Accounting Manager.

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Definitions:

Statement of Income

A financial statement that shows a company's revenues and expenses over a specific period, resulting in a net income or net loss.

Equity

The value of ownership interest in the firm, calculated as total assets minus total liabilities.

Account Payable

Liabilities of a company that are owed to creditors or suppliers for purchases made on credit.

Suppliers

They are businesses or individuals that provide the goods or services that companies need to operate and produce their own goods.