Kostner Financial Services Inc

question 59

Multiple Choice

Kostner Financial Services Inc.purchased computers that are to be used in its consultancy services.As per the matching principle,the related account that should appear on the income statement for the year ended December 31,2014 is ________.

• A)Depreciation Expense
• B)Service Revenue
• C)Accumulated Depreciation
• D)Equipment Expense

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Definitions:

Off-Price Retailing

A retail strategy involving selling branded goods at lower than the normal retail price typically due to overstock or discontinued lines.

Outlet Stores

Retail stores that sell products directly from manufacturers at discounted prices, often offering overstocked items, seconds, or end-of-season goods.

Discount Retailers

Retail stores that offer products at lower prices than those of competitors, typically by selling items in bulk or with minimal services.

Supercenters

Large retail establishments that combine groceries and general merchandise goods under one roof, catering to a wide range of consumer needs.