Which Entity Is Most Likely to Be Part of Both

question 66

Multiple Choice

Which entity is most likely to be part of both the payroll cycle and the expenditure cycle?

• A)Receive Goods.
• B)Customer.
• C)Disburse Cash.
• D)Inventory.

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Definitions:

SEC

Stands for the Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.

Generally Accepted Accounting Principles

A collection of commonly-followed accounting rules and standards for financial reporting.

Financial Accountants

Professionals specializing in managing and reporting a company's financial transactions, ensuring compliance with accounting principles and regulations.

Stockholders' Approval

Stockholders' approval is the consent given by shareholders for certain business decisions or corporate actions, typically during a vote at a shareholders' meeting.