The five primary activities of a business generally consist of: a. receiving assets, selling assets, issuing financial
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The five primary activities of a business generally consist of:
a. receiving assets, selling assets, issuing financial statements, collecting cash, and making cash disbursements
b. receiving assets, purchasing assets, selling goods or services, collecting cash from customers, and repaying owners and creditors
c. receiving cash, disbursing cash, buying assets, issuing dividends, and paying off liabilities
d. making a profit, issuing financial statements, repaying debts, issuing dividends to shareholders, and complying with laws and regulations
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Related Book For
Cornerstones Of Financial Accounting Current Trends Update
ISBN: 9781111527952
1st Edition
Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen
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