Which Department Records, Measures, and Reports Monetary Transactions

question 302

Multiple Choice

Which department records, measures, and reports monetary transactions?

• A)Sales.
• B)Operations Management.
• C)Accounting.
• D)Finance.

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Definitions:

Cash Dividends

Profits paid out to shareholders by a corporation in the form of cash.

Retain Earnings

Profits that a company chooses not to pay out as dividends but instead reinvests in the business or keeps as a reserve for specific objectives.

Shareholders

Individuals or entities that own shares in a corporation, giving them ownership interest and usually voting rights in the company.

Legal Case

A dispute between opposing parties resolved in a court of law.