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102. For which of the following assets would a wholesale company use depreciation? A. gasoline used to power its delivery trucks B. its patented computer tracking equipment C. its warehouses D. its accounts receivable E. its inventory of unsold merchandise 102. A(n) A. balance sheet B. trial balance is a summary of what a company has earned and spent over a given period. C. income statement D. cash flow statement E. annual stockholders' report 103. The dollar amount of sales plus any other income received from sources like interest and dividends is called: A. equities B. intangible assets C. capital D. revenues E. gross profit

102. For which of the following assets would a wholesale company use depreciation? A. gasoline used to power its delivery trucks B. its patented computer tracking equipment C. its warehouses D. its accounts receivable E. its inventory of unsold merchandise 102. A(n) A. balance sheet B. trial balance is a summary of what a company has earned and spent over a given period. C. income statement D. cash flow statement E. annual stockholders' report 103. The dollar amount of sales plus any other income received from sources like interest and dividends is called: A. equities B. intangible assets C. capital D. revenues E. gross profit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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102. For which of the following assets would a wholesale company use depreciation? A. gasoline used to power its delivery trucks B. its patented computer tracking equipment C. its warehouses D. its accounts receivable E. its inventory of unsold merchandise 102. A(n) A. balance sheet B. trial balance is a summary of what a company has earned and spent over a given period. C. income statement D. cash flow statement E. annual stockholders' report 103. The dollar amount of sales plus any other income received from sources like interest and dividends is called: A. equities B. intangible assets C. capital D. revenues E. gross profit
Transcribed Image Text:102. For which of the following assets would a wholesale company use depreciation? A. gasoline used to power its delivery trucks B. its patented computer tracking equipment C. its warehouses D. its accounts receivable E. its inventory of unsold merchandise 102. A(n) A. balance sheet B. trial balance is a summary of what a company has earned and spent over a given period. C. income statement D. cash flow statement E. annual stockholders' report 103. The dollar amount of sales plus any other income received from sources like interest and dividends is called: A. equities B. intangible assets C. capital D. revenues E. gross profit
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