Which Classification of Business Goods Is Usually Consumed Over a Long

question 53

Multiple Choice

Which classification of business goods is usually consumed over a long period and usually involves large sums of money?

• A) convenience items
• B) capital items
• C) installations
• D) expense items

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Definitions:

Due

Typically refers to the expected time of payment or the deadline for financial obligations.

Credit Instrument

A legal document representing a promise to pay a specified sum of money to the holder under agreed conditions, such as bonds, notes, or bills.

Indebtedness

The condition of owing money, often as a result of borrowing for business or personal needs.

Legal Document

A document that states some contractual relationship or grants some right, serving as official evidence of an agreement.