Around the Year 2000, There Was a ______ in _______

question 133

Multiple Choice

Around the year 2000, there was a ______ in _______.

• A) boom and bust; tech stocks
• B) boom and bust; housing prices
• C) speculative bubble; crayons
• D) speculative bubble; oysters

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Definitions:

Adjustment Columns

Special columns found in accounting ledgers and worksheets used for making necessary modifications to accounts at the end of a reporting period.

Depreciation Expense

The cost allocated over the useful life of a tangible asset to account for its decline in value due to use and time.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since the asset was acquired and available for use.

Adjusting Entry

A journal entry made at the end of an accounting period to update account balances to reflect accurate and fair financial statements.