Which of the Following Organizations Is Most Likely to Use

question 45

Multiple Choice

Which of the following organizations is most likely to use PSA?

• A) Save our world
• B) The Home Depot
• C) Purina dog chow
• D) FedEx
• E) State Farm insurance

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Definitions:

Land Sale

A transaction involving the conveyance of ownership in land from one party to another, often recorded as a capital transaction in financial statements.

Operating Income

This is the profit realized from a business's ongoing operations, calculated as the difference between operating revenues and operating expenses.

Land Account

A type of asset account on the balance sheet representing the cost of land owned by a company.

Accounts Payable

Liabilities of a business that are due to be paid to creditors within a short period of time, typically one year.