Expenses Are Shown on the

question 32

Multiple Choice

Expenses are shown on the

• A)income statement.
• B)balance sheet.
• C)statement of changes in stockholders' equity.
• D)the income statement and the statement of changes in stockholders' equity.

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Definitions:

Privatizing

The process of transferring ownership of a business, enterprise, agency, or public service from the government to private individuals or organizations.

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, water, and fertile land.

Anthropologists

Scientists who study human societies, cultures, and their development.