Huge Businesses That Operate in Many Different Countries Are Called

question 87

True/False

Huge businesses that operate in many different countries are called multinational corporations.

---

Definitions:

Current Liability

A company's debts or obligations that are due within one year or within the normal operating cycle.

Accounts Payable

Liabilities or amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Accrued Liabilities

Expenses that have been incurred but not yet paid or recorded through a standard accounting transaction, representing future cash outflows.

Decrease Cash

Decrease cash refers to a reduction in the amount of money and cash equivalents available in a company, which can result from paying expenses, purchasing assets, or distributing dividends.