________ Pay the Bills: Without Them, You Have No Business

question 7

Multiple Choice

________ pay the bills: without them, you have no business.

• A)Accountants
• B)Employers
• C)Employees
• D)Customers

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Definitions:

Cash

Cash involves money in the form of currency, which includes bank notes and coins, that is in hand or readily available in deposit accounts for immediate use.

Building

A structure established or built from materials to provide shelter or accommodate individuals, businesses, or activities.

Consolidation

The process of combining financial statements of parent and subsidiary companies into one comprehensive set of statements.

Fair Value

The estimated market value of an asset or liability, based on current conditions and informed market participant transactions.