Accumulated Depreciation

question 63

Multiple Choice

Accumulated Depreciation

• A) is used to show the amount of cost expiration of intangibles
• B) is the same as Depreciation Expense
• C) is a contra asset account
• D) is used to show the amount of cost expiration of natural resources

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Definitions:

Issuance

The process of making securities available for sale to the public or the act of issuing new shares of stock by a company.

Cash Flows

The total amount of money being transferred into and out of a business, especially as it affects liquidity.

Investing Activities

Financial transactions involving the purchase or sale of long-term assets and investments, a component of cash flow statements.

Operating Activities

Operating activities are the day-to-day functions of a business related to producing and selling its goods or services, which are reflected in its earnings.