All of the Following Are True Statements About the Accumulated

question 27

Multiple Choice

All of the following are true statements about the Accumulated Depreciation account EXCEPT that it:

• A)is a contra asset account with a normal credit balance.
• B)shows the sum of all depreciation expense from using the asset.
• C)is a contra asset account with a normal debit balance.
• D)always has a normal balance opposite that of its companion account.

---

Definitions:

Type A Personality

A temperament characterized by high competitiveness, self-imposed stress, impatience, and a sense of urgency, often linked with a higher risk of heart disease.

External Locus

The belief that one's successes or failures result from external factors beyond one's control.

Type A Personality

A personality configuration characterized by a constant sense of urgency, competitiveness, impatience, and high stress.

Type B Personality

A personality trait characterized by a composed, indulgent, and leisurely disposition.