Which of the Following Would Be an Example of Capital

question 275

Multiple Choice

Which of the following would be an example of capital for a retail gasoline station?
(i) the gas tanks and pumps
(ii) the service attendants' time
(iii) the plot of land on which the station sits

• A)(i) only
• B)(iii) only
• C)(i) and (iii) only
• D)(ii) and (iii) only

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, usually derived from profits.

Accounts Receivable

Amounts due from customers for merchandise or services rendered by a corporation, still awaiting payment.

Utilities Expense

Costs incurred by a business for basic utilities such as water, electricity, gas, and sewage services.

Services Provided

Services provided refer to the performance of non-tangible tasks or activities by a company for its clients or customers, as opposed to selling physical products.