For a Police Department,firearms,computers,printers,fax Machines,and Patrol Vehicles Are All Examples

question 188

Multiple Choice

For a police department,firearms,computers,printers,fax machines,and patrol vehicles are all examples of _____ because they are shown as expenses on the yearly accounting statements.

• A) mobile installation
• B) component part
• C) processed material
• D) supply
• E) accessory equipment

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Definitions:

Additional Paid-in Capital

Additional paid-in capital represents the amount investors have paid for shares above the nominal value during public offerings or private placements.

Date of Acquisition

The specific date on which an asset is purchased or acquired by an entity.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which is often a minimal amount that bears no relation to its market price.

Common Stock

Shares representing ownership in a corporation, entitling holders to a portion of the company's profits through dividends and voting rights.