__________________ Accept Savings from Individuals and Then Lend These Pooled

question 128

Multiple Choice

__________________ accept savings from individuals and then lend these pooled savings to businesses, governments, and individuals.

• A)Insurance companies
• B)Commercial finance companies
• C)Depository institutions
• D)Investment banks
• E)none of the above

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Definitions:

Income Statement Columns

Sections in an income statement that categorize financial data into revenue, expenses, profits, and other relevant financial information for analysis.

Adjusting Entries

Accounting entries made to adjust the books of accounts to reflect the true financial position and performance of a company at the end of a financial period.

Salaries Expense

The total amount recorded by a company for the salaries of its employees.

Salaries Payable

An account reflecting the debts to workers for performed but unpaid work.