Total Assets Less Net Fixed Assets Equals ________

question 65

Multiple Choice

Total assets less net fixed assets equals ________.

• A) gross assets
• B) current assets
• C) depreciation
• D) liabilities and equity

---

Definitions:

Product

Any item or service offered to the market for consumption, use, or acquisition.

Merchandise Inventory

Goods that a company holds for the purpose of selling to customers in the ordinary course of business.

Monthly Depreciation

The portion of a fixed asset's cost allocated as an expense over a single month, reflecting the asset's decrease in value over time.

Accounts Payable

Accounts Payable is the amount of money owed by a business to its suppliers or creditors for goods and services purchased on credit.