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:

Marketing Concept

A business philosophy suggesting that to achieve organizational goals, a company must anticipate and satisfy customers' needs and wants better than its competitors.

Creating

The act or process of bringing something into existence or giving rise to something original.

Exchanging Offerings

The process of trading value between buyers and sellers, typically involving goods, services, or information.

Marketing Concept Era

A period characterized by businesses increasingly focusing on understanding and satisfying the wants and needs of consumers in their marketing strategies.