Harvard Financial Services Purchased Computers That Are to Be Used

question 114

Multiple Choice

Harvard Financial Services purchased computers that are to be used in its consultancy services.Based on the matching principle,what account,other than Computers,should appear on the balance sheet as of December 31,2016?

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

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Definitions:

Pancreatic Duct Cancer

A malignant tumor located in the ducts that carry digestive enzymes from the pancreas to the small intestine.

Patient

An individual receiving medical treatment or evaluation.

Intraductal Carcinoma

A type of breast cancer that starts in the milk ducts and has not invaded nearby tissue, also often referred to as ductal carcinoma in situ (DCIS).

Breast

A tissue overlying the chest muscles in humans and other mammals, containing mammary glands which produce milk to feed infants.