A Code Category Can Begin with All of the Following

question 4

Multiple Choice

A code category can begin with all of the following letters except:

• A) I.
• B) O.
• C) U.
• D) Z.

---

Definitions:

Liabilities

Obligations owed by a business to either creditors or suppliers, often in the form of loans or accounts payable.

Net Income

The amount of money a company has earned after all expenses, including taxes and costs, have been subtracted from total revenue.

Beginning Equity

The amount of owners' equity in a business at the start of an accounting period, reflecting the net value of the business's assets minus its liabilities.

Dividends

Payments made by a corporation to its shareholder members, often derived from the company's profits.