An Asset Decrease Resulting from Consumption of Resources to Earn

question 22

Multiple Choice

An asset decrease resulting from consumption of resources to earn revenue is

• A) a net loss.
• B) a liability.
• C) an expense.
• D) an asset source transaction.

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Definitions:

Ben-ben

In ancient Egyptian mythology, the ben-ben was the mound that arose from the primordial waters Nu upon which the creator god Atum settled.

Heliopolis

An ancient Egyptian city known as the center of worship for the sun god Ra, located near modern-day Cairo.

Cult

A religious or social group with devotional practices centered around a particular figure, object, or belief system.

Ramses II

An Egyptian Pharaoh of the Nineteenth Dynasty, known for his extensive building programs and for the Battle of Kadesh.