Copying Machines,personal Computers,and Fax Machines Are Typically Classified as _____

question 161

Multiple Choice

Copying machines,personal computers,and fax machines are typically classified as _____ because they are not expensive,have short useful lives,and are frequently purchased from local distributors.

• A) accessory equipment
• B) mobile equipment
• C) component parts
• D) processed materials
• E) supplies

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Definitions:

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, taxes, and costs associated with sustaining the activity.

Total Losses

The sum of all expenses, debts, or damages that exceed gains and revenues.

Assets Test

A measure used to determine a company's financial stability by comparing its liquid assets against its liabilities.

Operating Segment

A part of a company that participates in commercial operations, generating income and bearing costs, which encompasses transactions and financial activities with other sectors of the same company.