Activities That Affect Long-Term Assets Are

question 20

Multiple Choice

Activities that affect long-term assets are:

• A) operating activities.
• B) investing activities.
• C) financing activities.
• D) noncash investing and financing activities.

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Definitions:

Accumulated Depreciation

The cumulative depreciation expense charged to a fixed asset from the time it first became operational.

Net Noncurrent Assets

The total value of a company’s long-term assets minus any liabilities directly associated with those assets.

Accumulated Depreciation

The cumulative reduction in the value of a tangible asset due to wear and tear over time.

Earnings Per Share

A financial metric that divides a company's net income by the number of its outstanding shares, indicating how much money each share makes.