Which of the Following Statements About Accumulated Amortization Is NOT

question 24

Multiple Choice

Which of the following statements about accumulated amortization is NOT true?

• A)It is calculated in accordance with the matching principle.
• B)It records the portion or how much of the asset has been used up.
• C)It is reflected on the balance sheet.
• D)It helps determine how much an asset can be sold for.

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Definitions:

Transportation Method

A linear programming technique used to find the most efficient and cost-effective way of distributing products from several suppliers to multiple destinations.

Linear Programming

A mathematical method for determining the best outcome in a model whose requirements are represented by linear relationships, widely used in operations research and economics to maximize or minimize an objective function.

Aggregate Planning

The process of developing, analyzing, and maintaining a preliminary approximate schedule of the overall operations of an organization.

Consumer Demand

The desire and ability of consumers to purchase goods and services at certain prices over a specific period of time.