A List of Ledger Accounts and Their Balances Is Called

question 7

Multiple Choice

A list of ledger accounts and their balances is called a:

• A) chart of accounts.
• B) balance sheet.
• C) general journal.
• D) trial balance.

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Definitions:

Direct Foreign Investment

Occurs when a firm headquartered in one country builds or purchases operating facilities or subsidiaries in a foreign country.

Physical Assets

Tangible and material assets such as buildings, machinery, and equipment owned by a business.

International Environment

The global context within which organizations operate, including economic, social, cultural, and political factors.

Future Orientation

The degree to which individuals or organizations plan for and consider future outcomes in their decision-making processes.