Impersonal Expressions Omit Things and Focus on Talking About People

question 53

True/False

Impersonal expressions omit things and focus on talking about people.

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Definitions:

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be converted into cash in the upcoming year.

Retained Earnings

The amount of net income left over for the business after it has paid out dividends to its shareholders, often reinvested in the business or used to pay down debt.

Cash Flow from Assets

This is the total amount of money being transferred in and out of a company's assets, including operations, investments, and financing activities.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life, reflecting the assets diminishing value over time due to use, wear and tear, or obsolescence.