Value Added Is Equal to the Value of a Company's

question 168

Multiple Choice

Value added is equal to the value of a company's:

• A)sales.
• B)sales minus intermediate goods.
• C)intermediate goods.
• D)payments to labor and capital.

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Definitions:

Unearned Rent Revenue

Represents income received by a property owner for which the services (rental period) have not yet been provided.

Cash

Money in the form of currency that can include banknotes and coins, held in the immediate possession of or in bank accounts for the entity.

Rent

Payment made periodically by a lessee to a lessor for the use of land, buildings, or other property.

Unearned Revenue

Money received by a company for goods or services yet to be delivered or performed.