Accumulated Depreciation, Equipment, is shown as:
A. an addition to assets on the Balance Sheet.
B. an addition to expenses on the Income Statement.
C. a deduction of Capital on the Statement of Owner's Equity.
D. a deduction from assets on the Balance Sheet.
Answer: D
You might also like to view...
It is necessary to post adjusting entries
Indicate whether the statement is true or false
A restraint of trade in which two or more competitors at one level of distribution agree not to deal with others at another level of distribution is known as ________
A) group boycott B) resale price maintenance C) price fixing D) market sharing
Collective bargaining is a negotiation between union and management negotiators to forge the human resources policies that will apply to all employees covered by a contract
Indicate whether the statement is true or false.
A possible side effect of a decentralized pay structure is that:
A. it may be difficult to transfer employees from one business unit to another B. there is decreased potential for pay discrimination C. organizations require larger compensation staffs D. pushing responsibilities and expenses close to the units, managers, and employees affected by them may cause doubt that decisions are business related E. there is decreased opportunity for the inconsistent treatment of employees