A Child Care Centre Is an Example of a Consumer

question 177

True/False

A child care centre is an example of a consumer service.

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Definitions:

Accounts Payable

The short-term liabilities or obligations a company owes to its suppliers or creditors for goods and services received.

Stockholders' Equity

The ownership interest of shareholders in the assets of a corporation, calculated as total assets minus total liabilities.

Accounts Payable

Amounts a company owes to suppliers or creditors for goods and services received but not yet paid for, recorded as a liability.

Supplies

Items that are used in the day-to-day operation of a business but do not directly relate to the goods or services sold.