Approximately How Many Boutique Operations Are There in the United

question 29

Multiple Choice

Approximately how many boutique operations are there in the United States?

• A)Under 1000
• B)2000-3000  
• C)Over 5000
• D)Over 10000

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Definitions:

Salaries Payable

A liability account that represents the amount owed to employees for work done but not yet paid.

Fiscal Period

A specific time period used for accounting purposes and preparing financial statements, usually twelve months.

Accumulated Depreciation

The cumulative amount of depreciation cost recorded for an asset from the time it was first utilized.

Fixed Asset Account

An account that tracks the purchase, depreciation, and disposal of long-term assets used in the production of goods or services.