John Pablo Works in the Accounting Department of a Multinational

question 28

Multiple Choice

John Pablo works in the accounting department of a multinational manufacturing company.His job includes updating accounts payable based on purchase orders and checks.His responsibilities are part of the company's

• A)revenue cycle.
• B)expenditure cycle.
• C)financing cycle.
• D)production cycle.

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Definitions:

Market Value

The present cost at which a service or asset is available for purchase or sale in the market.

Stock Dividend

A dividend payment made in the form of additional shares rather than cash, increasing the total number of shares owned by shareholders.

Comprehensive Income

A measure of all changes in equity of a company that result from recognized transactions and other economic events of the period other than those resulting from investments by and distributions to owners.

Net Income

The total earnings of a company, subtracting all expenses from revenues, including taxes and costs, over a specific period.