For a Company Such as Johnson & Johnson That Makes

question 18

Multiple Choice

For a company such as Johnson & Johnson that makes personal care products,medications,and medical supplies,which of the following would be considered as customers?

• A)Hospitals
• B)Pharmacies
• C)Families
• D)Doctors
• E)All of these.

---

Definitions:

Balance Sheet Accounts

Balance Sheet Accounts are the accounts that reflect the assets, liabilities, and equity of a company as recorded on the balance sheet, giving a snapshot of financial health at a specific point in time.

Current Assets

Liquid assets that a company owns and expects to use or convert into cash within a year or its operational cycle.

Cash

A company's currency or assets that can be immediately used for transactions or payments.

Supplies

Items that are used in the day-to-day operations of a business, often categorized as a current asset on the balance sheet.