The Chief Accounting Officer of a Business Is The

question 42

Multiple Choice

The chief accounting officer of a business is the:

• A)staff accountant.
• B)treasurer.
• C)controller.
• D)mail clerk.

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Definitions:

Journal Entries

Recorded business transactions in the accounting ledger, detailing the financial effects on the company's accounts.

Stated Value

A value assigned to no-par value stock by the company's board of directors to define a minimum legal capital.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to vote on corporate policy and receive dividends.

Cash

Liquid currency held by a business for transactions, operational expenses, and other immediate needs.