An Example of a Philanthropic Organization Is

question 26

Multiple Choice

An example of a philanthropic organization is:

• A) International Red Cross
• B) Pathfinder Fund
• C) Nestlé
• D) Johnson & Johnson

---

Definitions:

Adjusting Entries

Entries recorded in the journals at the conclusion of a fiscal period to distribute revenues and costs to the timeframe in which they genuinely took place.

Supplies Expense

The cost of supplies used during an accounting period, typically classified as an operating expense.

Accrued Salaries

Salaries that have been earned by employees but have not yet been paid by the company.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operational costs, from its total revenue.