The ________ Provides the Same Results as a Check Because

question 80

Multiple Choice

The ________ provides the same results as a check because it withdraws funds from a checking account.

• A) credit card
• B) debit card
• C) smart card
• D) cashier's check

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Definitions:

Accumulated Depreciation

Accumulated Depreciation is the total amount of depreciation expense that has been allocated to a tangible asset since it was put into use, reducing its book value.

Carrying Amount

The net amount at which an asset or liability is recognized in the balance sheet, after deducting any accumulated depreciation, amortization, or impairment.

Cost

The amount of money or resources expended to acquire an asset, produce goods, or offer a service.

Intangible Asset

This is an asset that lacks physical substance, such as patents, trademarks, and goodwill, yet offers economic value to its owner.