Investment Includes

question 175

Multiple Choice

Investment includes:

• A)an increase in corporate stock volumes during the year.
• B)the purchase of medical supplies by the National Guard.
• C)an increase in government purchases.
• D)an increase in business inventories.

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Definitions:

Rent Receivable

An account in the balance sheet that represents the amount of rental payments owed to a property owner but not yet received.

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.

Interest Payable

A liability account on a company's balance sheet representing the amount of interest expense that has been incurred but not yet paid.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for a more accurate financial report.