Bernard Has Just Learned That on the Balance Sheet,the Assets

question 63

Multiple Choice

Bernard has just learned that on the balance sheet,the assets must equal the ___________ plus the _______________.

• A)money borrowed from others,money invested by the owners
• B)accounts receivable,accounts payable
• C)accumulated depreciation,asset value
• D)net profit,retained earnings

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Definitions:

T-Bar-Type Floor

A type of flooring that incorporates T-bar structural elements, often used in construction for added stability or for the support of other building components.

Semi-Trailer

A type of trailer used in freight transport that does not have a front axle and is supported at its forward end by a road tractor or by a detachable front axle assembly known as a dolly.

Vehicle Combinations

A reference to the coupling of multiple vehicles, such as a tractor and one or more trailers, in the transportation industry.

Lead Trailer

The trailer coupled to the tractor in a double or multiple trailer combination. Usually used in reference to an A-, B-, C-, or D-train combination.