Which of the Following Are Types of Chart of Accounts

question 65

Multiple Choice

Which of the following are types of chart of accounts?

• A)Operative COA
• B)Country specific COA
• C)Active COA
• D)Group COA

---

Definitions:

Consolidated Net Income

The total amount of net income earned by a parent company and its subsidiaries, presented as a single figure after eliminating inter-company transactions.

Bonds Payable

Long-term debts issued by corporations or governmental units, represented by formal certificates obligating the issuer to pay interest and repay principal at a specified maturity date.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit, typically shown as an expense on the income statement.

Additional Paid-In Capital

Additional Paid-In Capital refers to the amount of money paid by investors for shares of stock above the par value of the shares, representing excess received from shareholders over the basic stock value.