A(n _____ Is Defined as a Person Who Acts in the Name

question 38

Multiple Choice

a(n. _____ is defined as a person who acts in the name of and on behalf of another, having been given and assumed some degree of authority to do so.

• A) grantor
• B) insured
• C) agent
• D) testator
• E) tenant

---

Definitions:

Statement Of Owner's Equity

A financial statement detailing changes in the equity of a company's owner over a reporting period.

Capital Changes

Adjustments or alterations in the equity or ownership capital of a company, often due to investments, dividends, or profits.

Accounting Period

A specific period of time for which financial activities are recorded and reported, such as a month, quarter, or year.

Withdrawals

Withdrawals indicate the amount of money or assets taken out from a business by its owner(s) for personal use.