Major Equipment Goods,such as Machines,mainframe Computers,and Buildings Are Also Referred

question 56

Multiple Choice

Major equipment goods,such as machines,mainframe computers,and buildings are also referred to as:

• A) investment goods
• B) necessity goods
• C) capital components
• D) strategic goods
• E) installations

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Definitions:

Real Accounts

Accounts that represent assets, liabilities, and equity, and whose balances are carried over from one fiscal year to the next.

Adjusted Trial Balance

A list of all company accounts and their balances after adjustments are made, used for preparing financial statements.

Equity Accounts

Financial accounts that represent the owner's interest in a company, including common stock, preferred stock, and retained earnings.

Statement of Stockholders' Equity

A financial statement that outlines the changes in the equity section of the balance sheet during a specific period, including investments by and distributions to shareholders.