The Correct Label for Shape 1 in the Flowchart Below

question 30

Multiple Choice

The correct label for Shape 1 in the flowchart below is

• A)Purchase Order 3
• B)Purchase Requisition 1
• C)Accounts Payable Trial Balance
• D)Purchase Order 2

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Definitions:

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities; also known as shareholder's equity.

Cash Dividend

A distribution of a company's earnings to its shareholders as actual cash.

Assets

Resources owned or controlled by a person or business, which are expected to produce economic value or benefit in the future.