Goods Purchased for Future Use in the Business, Such as Supplies

question 186

Multiple Choice

Goods purchased for future use in the business, such as supplies, are called:

• A)prepaid expenses.
• B)revenues.
• C)stockholders' equity.
• D)liabilities.

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Definitions:

Inflammation

The body's immune response to irritation, injury, or infection, characterized by redness, warmth, swelling, and sometimes pain.

Ear

The organ of hearing and balance in humans and other vertebrates.

Cerumen Impaction

A blockage of the ear canal with earwax (cerumen), which can cause pain and hearing loss.

Immobilization

The act of restricting movement to prevent further injury or to assist in the healing process of bones, joints, or muscles.