Robert Rogers,CPA Owns a Computer Used by the Business

question 103

Multiple Choice

Robert Rogers,CPA owns a computer used by the business.The matching principle would require that which of the following accounts appear on the balance sheet for the year ended December 31?

• A) Depreciation expense
• B) Service revenue
• C) Accumulated depreciation
• D) Equipment expense

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Definitions:

Critical Decisions

Decisions of high importance that require careful consideration and judgment, often because they have significant consequences for an organization or individual.

Operations Management

The field of management focused on planning, supervising, and managing the production process and reorganizing business activities in the creation of goods or services.

Process And Capacity Design

This term refers to the strategic approach in operations management, focusing on designing the processes and determining the capacity of production facilities to meet market demands.

Management Process

The series of actions and decisions that managers undertake to achieve organizational goals, including planning, organizing, leading, and controlling.