Recently There Has Been _______ in the Number of Smaller

question 63

Multiple Choice

Recently there has been _______ in the number of smaller firms that are multinationals.

• A) a significant growth
• B) no change
• C) a significant decline
• D) some growth
• E) some decline

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Definitions:

Accounts Receivable

Accounts receivable represents money owed to a business by its customers for goods or services delivered or used but not yet paid for.

Cash

Cash refers to money in the form of currency, including bills, coins, and money deposited in bank accounts that are available for use.

Business Transaction

An economic event or condition that directly changes an entity’s financial condition or directly affects its results of operations.

Journal

A detailed record where all financial transactions of a business are initially recorded in chronological order.