All of the Following Are Examples of Capital Except

question 46

Multiple Choice

All of the following are examples of capital except:

• A) the robot used to help produce your car.
• B) a computer used by your professor to write this exam.
• C) the factory that produces the costume jewelry you buy.
• D) the inventory of unsold goods at your local hardware store.
• E) an uncut diamond that you discover in your backyard.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses.

Cash Receipts

Inflows of cash, often from sales, interest, or dividends.

Supplies Expense

Costs incurred for items used in the operation of a business, not directly tied to the production of goods or services.

Journalize

The process of recording transactions in the journal, a step in the accounting cycle that precedes posting to ledgers.