The Cost of Assets Consumed or Services Used Is Also

question 157

Multiple Choice

The cost of assets consumed or services used is also known as

• A)a revenue.
• B)an expense.
• C)a liability.
• D)an asset.

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Definitions:

Plantation Slavery

A system of agriculture in the Americas where large farms (plantations) used the forced labor of enslaved Africans and African Americans to produce crops like tobacco, sugar, and cotton.

Atlantic Coast

The eastern seaboard of the United States, stretching from Maine to Florida, characterized by diverse ecosystems and significant historical importance.

Portugal

A country located on the southwestern edge of Europe, known for its rich history, cultural heritage, and significant contributions to global exploration.

Vasco Da Gama

A Portuguese explorer who was the first to sail directly from Europe to India by navigating around Africa's Cape of Good Hope.