Many Small Businesses Hire a Local CPA Firm to Process

question 49

Multiple Choice

Many small businesses hire a local CPA firm to process their payroll.This is an example of

• A)Transfer pricing.
• B)Offshoring.
• C)Offsourcing.
• D)Outsourcing.

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Definitions:

Capital Contributions

The funds or assets contributed to a company by its owners or shareholders to increase equity.

Beginning Capital Balance

The total funds noted in a corporation's books at the beginning of a fiscal period.

Personal Use

The application or employment of something for the benefit or enjoyment of an individual, often distinct from business or commercial usage.

Income Distribution

The way in which a country's total GDP is spread among its population, affecting economic inequality.