Code Notes​

question 22

Multiple Choice

Code notes​

• A) ​cover reflections about the dimensions of concepts.
• B) ​cover relationships among concepts.
• C) ​identify the code labels and their meanings.
• D) ​discuss the deeper meanings of concepts.

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Definitions:

Fixed Asset

Long-term tangible property, plant, or equipment that a firm owns and uses in its operations to generate income.

Book Value

The cost of a fixed asset minus accumulated depreciation on the asset.

Unearned Rent

Revenue received by a landlord for rent that has not yet been earned because the rental period has not occurred.

Net Income

The net income of a business once all costs and taxes are subtracted from the total earnings.