A Transformer Is a Device That Normally

question 8

Multiple Choice

A transformer is a device that normally

• A)operates on either dc or ac.
• B)operates only on ac.
• C)operates only on dc.

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Definitions:

Wages Expense

The total cost incurred by a business for the payment of wages to employees for a specific period.

Proprietorship

A proprietorship, also known as a sole proprietorship, is a type of business that is owned and run by one individual and where there is no legal distinction between the owner and the business entity.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, to be settled over time through the transfer of economic benefits including money, goods, or services.

Owner's Equity

The total value that the owners or shareholders have invested in a company minus any liabilities.