Answered: The most important non-cash item is a)…

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The most important non-cash item is a) Debt interest rate b) Income tax c) Dividend d) Depreciation

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter15: Preparing Adjusting Entries And A Trial Balance

Section15.4: Calculating Federal Income Tax

Problem 3AYU

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Question

The most important non-cash item is
a) Debt interest rate
b) Income tax
c) Dividend
d) Depreciation

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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