Which of the Following Statements About Signs Is False

question 11

Multiple Choice

Which of the following statements about signs is false?

• A)They are a form of advertising
• B)They need to be large enough to be read by passing traffic
• C)They should reflect your firm
• D)Homemade signs indicate high quality and professionalism

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Definitions:

Fixed Asset Account

An account on a company’s balance sheet that reports the cost and accumulated depreciation of assets with a useful life of more than one year.

Accumulated Depreciation

Accumulated Depreciation is the total amount of depreciation expense that has been recorded for an asset over its useful life, indicating the amount of value the asset has lost over time.

Book Value

The net value of a company's assets as found on its balance sheet, calculated by subtracting total liabilities from total assets.

Adjustment

Changes made to the financial records at the end of an accounting period to reflect true and fair values.