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Dynamic Services, Inc

question 95

Multiple Choice

Dynamic Services, Inc. purchased computers that are to be used in its consulting services. Based on the matching principle, the related account that should appear on the income statement for the year ended December 31, 2018 is ________.


Definitions:

TRICARE for Life

A healthcare program for U.S. military retirees and their dependents, providing Medicare-wraparound coverage.

Medicare

Medicare is a federal health insurance program in the United States for people aged 65 and older, as well as for some younger people with disabilities.

Payment System

A mechanism established to facilitate the transfer of money between individuals, businesses, and institutions.

Resources

Assets, materials, or other assets that can be used to achieve goals or carry out projects, including natural, financial, and human resources.

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