This refers to earnings from providing services or selling merchandise. This could also come in the form of interest, rent, and dividend.

Joan started her business with ₱250,000. She invested ₱120,000 of her own savings and the rest she borrowed from a creditor. Joan started her business with _______ liability.

Sycip, Gores, and Velayo joined together and contributed equal amounts of capital to open an accounting firm. This type of business organization is _____.

Founded in 1851, Bank of the Philippine Islands was incorporated on January 4, 1943 and went public on October 12, 1971. BPI is this form of organization.

Accounting is the process of these functions that would lead to informed judgment and decisions , EXCEPT:

Walmart is an American multinational retail company that operates a chain of hypermarkets, discount department stores, and grocery stores founded and incorporated on Oct. 31, 1969. It recently gain a huge part of the market share by establishing an online store. Aside from selling reputable branded goods and self-branded goods, Walmart also offers shipping and tracking services through the online store. What best describe the business operation of Wal-mart Stores, Inc.?

Employees typically use a company’s accounting information for this reason.

Owners and/or managers typically use a company’s accounting information for this reason. Choose the best answer.

This is one of the key feature differentiating a one person corporation from a sole proprietorship company .

Identify the main type of operation of this business : Pepsi Co., Inc.

Identify the main type of operation of this business : Philippine Airlines

Identify the main type of operation of this business : Adidas Shoe Retailers

Identify the main type of operation of this business : Golden King Trading Co.

Identify the main type of operation of this business : Shoe and bag makers in Marikina

Classify as tangible asset, intangible asset, or liability : Patents and copyright

Classify as tangible asset, intangible asset, or liability : Customer's pre-paid services

Classify as tangible asset, intangible asset, or liability : Raw materials

Classify as tangible asset, intangible asset, or liability : Interest payable

Classify as tangible asset, intangible asset, or liability : Inventory

Classify as tangible asset, intangible asset, or liability : Franchise agreement or right to operate a certain business

Classify as tangible asset, intangible asset, or liability : Cash

Classify as tangible asset, intangible asset, or liability : Unpaid salary to worker

Classify as tangible asset, intangible asset, or liability : Credit card bill

Classify as tangible asset, intangible asset, or liability : Computer software

Classify as tangible asset, intangible asset, or liability : Furnitures and fixtures

This pertains to resources owned by a company which have current and future economic value.

Classify as tangible asset, intangible asset, or liability : resource that is not that easy to liquidate and sell in the market

This refers to an activity where two parties conducted an exchange of goods or services with monetary value.

This particular user of economic information wants to know whether a business is paying taxes according to current tax laws.

What does SEC stand for?

What does DTI stand for?

Bench is a Philippine retail brand of clothing, bags, accessories, footwear and fragrances owned by Suyen Corporation. It was founded by Ben Chan who also serves as the Chairman of the company. It recently ventured into Bench Barbers, Bench Skin Expert, and Bench Fix Salon. What is the main operation of the recently opened enterprises?

This form of organization is commonly preferred because of its limited liability feature, its capacity to add investors, and it having its own lifespan separate from the original incorporators.