Match the Following Terms with the Appropriate Definition

question 183

Multiple Choice

Match the following terms with the appropriate definition.
-     Straight-line depreciation 

• A) The expense created by allocating the cost of plant and equipment to the periods in which they are used 
• B) The principle that requires expenses to be reported in the same period as the revenues that were earned as a result of the expenses 
• C) Items paid for in advance of receiving their benefits 
• D) Allocates equal amounts of an asset's cost (less any salvage value) to depreciation expense during its useful life 
• E) The accounting system that recognizes revenues when earned and expenses when incurred 
• F) A principle that assumes that an organization's activities can be divided into specific time periods such as months, quarters or years 
• G) Revenues earned in a period that are both unrecorded and not yet received in cash or other assets 
• H) Net income divided by net sales 
• I) The accounting system where revenues are recognized when cash is received and expenses are recorded when cash is paid 

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Definitions:

Synchronously

Occurring at the same time, or operating in unison, often used to describe processes that are coordinated to happen together.

Sequencer Load Instruction

A PLC programming command used to load a sequence of data or instructions for the purpose of executing them in order.

Sequencer Load Instruction

A PLC programming command used to load a sequence of operations or set points into a sequencer.