Money That Is Left Over After Paying for Company Activities

question 131

Multiple Choice

Money that is left over after paying for company activities is called:

• A) return on investment
• B) a contribution margin
• C) profit
• D) net worth
• E) a current asset

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Definitions:

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

Income Statement

A financial document that reports a company's revenues, expenses, and profits over a specific period.

Liabilities

Financial obligations or debts that an entity owes to others, which must be settled over time through the transfer of economic benefits.

Assets

Economic resources or valuable items that a business owns or controls with the expectation that they will provide future benefits.