An Account Used to Record the Owner's Investments in the Business

question 64

Multiple Choice

An account used to record the owner's investments in the business plus any more or less permanent changes in the equity is called a(n) :

• A) Withdrawals account.
• B) Capital account.
• C) Asset account.
• D) Expense account.
• E) Revenue account.

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Definitions:

Strike Replacements

Workers hired by an employer to perform the duties of striking employees during a labor strike.

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a single labor union in collective bargaining.

Industrial Unionism

A labor union organizing method where all workers in the same industry are unified into a single union, regardless of their specific trades or professions.

Social Unionism

A form of unionism focused on broader societal issues beyond workplace concerns, including social justice, environmental sustainability, and community welfare.