Author Question: The owner of a small consulting business paid for a new copy machine on his company credit card. ... (Read 350 times)

swpotter12 · **on:** Jul 14, 2018

The owner of a small consulting business paid for a new copy machine on his company credit card. This item is listed as ___________ on the company's balance sheet.
A) owner's equity
B) loans payable
C) an asset
D) a liability
E) inventory

Question 2

A software design firm has many knowledgeable employees who are able to make decisions in order to best meet their clients' needs. This organization likely has:
A) a tall span of management and a narrow organizational height.
B) a narrow span of management and a flat organizational height.
C) a narrow span of management and a tall organizational height.
D) a wide span of management and a tall organizational height.
E) a wide span of management and flat organizational height.