Question 7 Not yet answered Marked out of 0.50 Flag question Capital means owner's share of the assets of a business. This is the investment of owners in the business. Select one: True False Transaction is Select one: O a. An economic activity that involves exchange of goods/services with the intention of profit making O b. Is the initial step in accounting as a process of recording financial transactions and keeping financial records O c. Any properties or valuables owned or . controlled by a business O d. A financial event that has a monetary impact on a firms' financial statements, therefore, this is recorded in the books of accounts. Question 9 Not yet answered Marked out of 1.00 Flag question The amounts due to others called Select one: O a. Payables O b. Cost O c. Entity O d. Gain Question 10 Not yet answered Marked out of 0.50 Flag question Cash flow statement show the sources, uses, and changes in cash. Select one: True False Question 11 Not yet answered Marked out of 1.00 Flag question Shareholders elect a board of directors (which usually receives one vote per share) to appoint and oversee the management of the company, which business type Select one: O a. Sole Proprietorship b. None of them c. Partnership O d. Corporation