Match Each Account Name to the Financial Statement Section (A-I)

question 18

Multiple Choice

Match each account name to the financial statement section (a-i) in which it would appear.
-Depreciation Expense

• A)Current assets
• B)Fixed assets
• C)Intangible assets
• D)Current liability
• E)Long-term liability
• F)Owner's equity
• G)Revenues
• H)Operating expenses
• I)Other revenue and expense

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Definitions:

Budget Constraint

Represents the combinations of goods and services a consumer can purchase with their income at current prices.

Prices

The amount of money or exchange value that is asked for goods and services in the market.

Monthly Income

The total amount of income received on a monthly basis from all sources including wages, salaries, benefits, and investments.

Hot Dog

A cooked sausage, traditionally grilled or steamed and served in a sliced bun as a fast-food.