It Is Noted in the Text That Unless a Business

question 10

Multiple Choice

It is noted in the text that unless a business is growing

• A)it's shrinking
• B)it's building debt
• C)it's stagnating
• D)it's losing employees

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Definitions:

Retained Earnings

Represents the portion of net income that is retained by the company rather than being distributed to its owners or shareholders.

Utilities Expense

An expense incurred by a business for basic utilities, such as electricity, gas, and water, which are necessary for operations.

Fees Earned

Revenue generated from providing services.

Prepaid Insurance

Insurance costs paid for in advance, recorded as a current asset until the period the insurance coverage relates to passes.