A "Yes or No" Question Is _____________

question 29

Multiple Choice

A "Yes or No" question is _____________.

• A)Dichotomous
• B)Multiple choice
• C)Open-ended
• D)Systematic

---

Definitions:

Financing Activities

Transactions that involve raising capital and repaying investors, affecting the equity and liabilities on the company's balance sheet.

Private Corporations

Companies that are owned by a small group of individuals and do not offer their shares of stock to the general public.

ASPE

Accounting Standards for Private Enterprises; a set of accounting standards for private companies in Canada.

Mortgage Payable

A liability representing money owed on a long-term loan used to purchase property, typically secured by the property itself.