A Company Purchases Software;it Has an Estimated Useful Life of Three

question 109

Multiple Choice

A company purchases software;it has an estimated useful life of three years.The adjustment to recognize amortization for the use of software would cause which of the following?

• A)An increase in liabilities,an increase in expenses,and a decrease in stockholders' equity.
• B)A decrease in assets,a decrease in stockholders' equity,and an increase in expenses.
• C)A decrease in assets,an increase in liabilities,and an increase in expenses.
• D)An increase in assets,an increase in liabilities,and a decrease in expenses.

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Definitions:

Subfields

Subfields are specialized divisions or areas of study within a broader academic discipline or profession, focusing on specific topics, methods, or populations.

Globalization

The method in which companies or various organizations gain global influence or begin to function at an international level.

Fieldwork

The collection of raw data and information through direct observation or engagement in a specific social, cultural, or physical environment, typically outside a laboratory or academic setting.

Ethnography

A detailed description of a particular culture primarily based on fieldwork.