A Customer's Cell Phone Would Be an Example of a ________

question 68

Multiple Choice

A customer's cell phone would be an example of a ________.

• A)table
• B)record
• C)field
• D)primary key

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Definitions:

Noncash Expense

Expenses recorded on the income statement not requiring actual cash outflow, such as depreciation and amortization.

Depreciation

The accounting practice of allocating the cost of a tangible or physical asset over its useful life, reflecting the decrease in value of the asset over time.

Operating Costs

Expenses related to the core functions of running a business, including manufacturing and service delivery.

Income Taxes

Taxes imposed by the government on the income generated by businesses and individuals within their jurisdiction.