Which of the Following Statements Is True

question 86

Multiple Choice

Which of the following statements is true?

• A)Accumulated depreciation is the amount of depreciation on the income statement for the current year only.
• B)Current liabilities are debts expected to be paid within the next year.
• C)Current assets are resources of a company that might include cash and copyrights.
• D)Patents, copyrights, and research and development expense are classified as intangible assets on the balance sheet.

---

Definitions:

SPIN Approach

A sales technique that involves asking Situation, Problem, Implication, and Need-payoff questions to better understand customer needs.

Bookstore Owner

An individual or entity that owns and operates a retail establishment selling books.

Direct Question

A straightforward inquiry that seeks a specific piece of information or a direct response from the person being asked.

Need-Payoff Question

A question asked by a salesperson to help a potential customer realize the value and benefits of a product, leading to their own conclusion that the product can satisfy their needs.