Solve the Equation Using the Addition Principle

question 133

Multiple Choice

Solve the equation using the addition principle.
-a + 1 = 3

• A) -2
• B) 4
• C) -4
• D) 2

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Definitions:

Depreciation Expense

the systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, resulting in net profit or loss.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.

Debit Column

A column in accounting ledgers and financial statements used to record increases in asset or expense accounts, and decreases in liability, equity, or revenue accounts.