Which of the Following Consists of Small-Ticket Items That Businesses

question 247

Multiple Choice

Which of the following consists of small-ticket items that businesses consume on an ongoing basis but are not needed to develop a final product?

• A) accessory equipment
• B) convenience goods
• C) maintenance, repair, and operating products
• D) "category b" inventory items

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Definitions:

Statement of Cash Flows

A financial document that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Business Owner

An individual who owns and oversees the operation of a company or enterprise.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation, which represents assets minus liabilities.