Which of the Following Would Be an Example of a Fixed

question 68

Multiple Choice

Which of the following would be an example of a fixed asset for a used record shop?

• A) The small building that houses the shop
• B) Owners' equity
• C) Turntables
• D) Music posters
• E) Accounts receivable

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Definitions:

Disposable Income

Financially viable resources for households' spending and saving strategies after deducting income taxes.

Consumption

The action of using up a resource or the purchase of goods and services by households.

APS

A generic term potentially referring to various organizations or concepts; without specific context, a precise definition cannot be provided. If referring to economic terms, it might be erroneous or too vague without further context.

Disposable Income

Disposable income is essentially the finance available for individuals or families to save or expend after all income tax charges have been subtracted.