The Portion of a Non-Current Asset, Such as Machinery, Which

question 18

Multiple Choice

The portion of a non-current asset, such as machinery, which is transferred to an expense account during an accounting period, is known as:

• A) carrying amount.
• B) unused expense.
• C) depreciation.
• D) residual value.

---

Definitions:

Common Stock Cash Dividend

A payment made to shareholders out of a company's earnings, specifically to common stockholders.

Treasury

Pertains to the management of an organization's revenues, expenditures, and investment strategies, often associated with government or corporate finance.

Authorized

Officially permitted or agreed upon, often referring to the maximum number of shares a corporation is legally allowed to issue.

Outstanding

Refers to shares that are currently owned by investors, including those held by public investors, institutional investors, and company insiders.