The Entry for Amortization Has What Effect on the Financial

question 75

Multiple Choice

The entry for amortization has what effect on the financial statements?

• A)increases assets and decreases liabilities
• B)decreases net income and increases assets
• C)increases expenses and decreases assets
• D)decreases assets and increases liabilities

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Definitions:

Assembly Line

A manufacturing process where a product is assembled step by step in a sequential manner, moving from one workstation to the next.

Operations Management

The area of management concerned with designing, overseeing, and controlling the process of production and redesigning business operations in the production of goods or services.

Productive Enterprise

A business or organization effective in producing goods or services at a high yield.

Marketing Product

A good or service that has been developed, priced, distributed, and promoted in a way that satisfies customers' needs and wants.