Pulse Plastics Inc

question 22

Multiple Choice

Pulse Plastics Inc.realized a decrease in net plant and equipment from last year's balance sheet to this year.If the firm did not sell or salvage any existing plant and equipment,which of the following statements MUST be true?

• A)The firm made no additional plant and equipment purchases.
• B)The firm's plant and equipment is an income statement entry not a balance sheet entry.This is a trick question!
• C)Depreciation expense must exceed the addition to accumulated retained earnings.
• D)Depreciation expense exceeded the value of new plant and equipment purchases.

---

Definitions:

Freud

Sigmund Freud, an Austrian neurologist, established psychoanalysis, a method of treating mental disorders through conversations between a patient and a psychoanalyst.

Romantic Relationship

An intimate relationship between two people typically involving emotional and physical closeness, love, and affection.

Unscientific

A term used to describe methodologies, claims, or practices not based on or consistent with the principles of the scientific method.

Sexual Energy

A term often used to describe the force or drive behind sexual actions and desires, considered a powerful aspect of human physiology and psychology.