All of the Following Are Material Resources for Honda Motor

question 67

Multiple Choice

All of the following are material resources for Honda Motor Company except

• A) paint.
• B) steel.
• C) factory.
• D) tires.
• E) money.

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Definitions:

Drawings

The act of the business owner taking out money or assets from the enterprise for private use.

Balance Sheet

A record that consolidates information about a company's assets, financial obligations, and the equity portion attributable to shareholders at a distinct time.

Income Statement

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

Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.