Examlex
The Ocean Dumping Ban Act was passed by Congress mainly to control which of the following activities?
Equipment
Tangible assets used in operations, such as machinery, computers, and furniture, which are expected to be used over several years.
Note Payable
A written promise to pay a specific sum of money on a future date or dates, typically with interest.
Journal Entry
A record in accounting that notes the debit and credit effects of a financial transaction.
Truck Purchase
The acquisition of a truck, which is a capital investment and may be classified as a fixed asset on the balance sheet.
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