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 Multiple Choice
1. b Not to be confused with (a), which is an account.
2. c  
3. d  
4. d  
5. a  
6. b  
7. a  
8. c  
Learning Goal 23
SOLUTIONS
     
Learning Goal 1: Explain What a Business Is and What It Does
S1
 

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Worthy & James Publishing is a provider of basic accounting books covering fundamental accounting principles, business accounting, and business math. Topics in financial accounting and business accounting covered include the balance sheet, the income statement, financial ratios, and bank reconciliation.

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