Cash Disbursements May Include All of the Following EXCEPT

question 40

Multiple Choice

Cash disbursements may include all of the following EXCEPT

• A)savings deposits
• B)depreciation expense
• C)amortization
• D)accrued wages
• E)none of the above

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Definitions:

Net Income

The conclusive profit of a corporation once revenue has had taxes and expenses subtracted from it.

Common Stock

A type of equity security that represents ownership in a corporation, with holders possibly entitled to dividends and voting rights in some corporate matters.

Fair Value

A valuation of an asset or liability determined by the price it could fetch in a coordinated sale or cost of transferring the liability, through a fair transaction involving willing market players.

Net Book Value

The value of an asset after subtracting its accumulated depreciation or amortization from its cost.