Which of the Following Positions Typically Reports Directly to the Chief

question 47

Multiple Choice

Which of the following positions typically reports directly to the chief financial officer (CFO) ?

• A)The chief executive officer.
• B)The tax accountant.
• C)The treasurer.
• D)The financial accountant.
• E)None of the above.

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Definitions:

Temporary Account

An account used to track transactions for a single accounting period, closed at the end and its balances are transferred to permanent accounts.

Withdrawals

Amounts of money taken out from a business by its owner(s) for personal use.

Capital

Capital refers to financial assets or resources that businesses use to fund their operations and invest in their growth, such as cash, machinery, and buildings.

Withdrawals

The act of taking out cash or other assets from a business by the owner for their personal use.