A Typical Automobile Consumes About 70 KW of Power from the Gas

question 34

Multiple Choice

A typical automobile consumes about 70 kW of power from the gas tank. How many 100- watt light bulbs could this light up, if the energy were used to light electric bulbs rather than to run the car?

• A) 7 bulbs
• B) 7000 bulbs
• C) 700 bulbs
• D) 70 bulbs
• E) This question cannot be answered without knowing the amount of time the car is being driven at this power.

Distinguish between current and long-term classifications of assets and liabilities.

Recognize the nature and treatment of intangible assets within the accounting framework.

Grasp the concept of temporary (nominal) and permanent (real) accounts and their roles in the accounting cycle.

Know how the adjusted trial balance is used to prepare financial statements and facilitate the closing process.

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