The Largest Company in the World Based on Sales Is

question 89

Multiple Choice

The largest company in the world based on sales is ________.

• A) ExxonMobil
• B) Sears Roebuck
• C) Marks & Spencer
• D) Walmart

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Definitions:

Accounting Record

A documented transaction or financial event that is used in the process of accounting.

Owner's Equity

Owner's equity represents the owner's claim on the assets of a business, calculated as the business's assets minus its liabilities.

Assets Liabilities

Assets are resources owned by a business that have economic value, while liabilities are obligations of a business to transfer resources to another entity in the future.

Accounting Period

A specific period of time used for financial reporting purposes, usually a quarter or a year, to measure business activities and prepare financial statements.