Bill and Melinda Gates and Warren Buffett Have Committed Millions

question 35

Multiple Choice

Bill and Melinda Gates and Warren Buffett have committed millions of dollars to the Bill and Melinda Gates Foundation, making them among the world's greatest ________.

• A) Tax payers
• B) Philanthropists
• C) Misogynists
• D) Entrepreneurs

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Definitions:

Transactions

The exchange or transfer of goods, services, or funds between two or more parties.

Fiscal Year

A 12-month period used for accounting purposes and preparing financial statements, which may begin and end at any point during the calendar year.

Journalize

The process of recording transactions into the accounting journal as part of the accounting record-keeping system.