A small manufacturing company decides to have its accounting function performed by a medium-sized accounting firm. This is an example of
a. offshoring.
b. expatriation.
c. outsourcing.
d. joining forces through a merger.
e. productivity improvement.
Answer: c. outsourcing.
Business
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The Pew Research Center Social Media Use is 2018 study shows that more than ____ of U.S. adults are now on at least one social media Platform.
A. 70% B. 80% C. 82% D. 76%
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Native Mike's Consultants had the following balance sheet amounts at the beginning of the year: Total assets $400,000 Total owner's equity 150,000 During the year, total assets increased by $100,000 and total liabilities increased by $40,000 . The company also paid $30,000 in dividends. No other transactions occurred except revenues and expenses. How much is net income for the year?
a. $30,000 b. $60,000 c. $70,000 d. $90,000
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