Which of the Following Is Always a Non-Cash Expense

question 58

Multiple Choice

Which of the following is always a non-cash expense?

• A) Income taxes
• B) Salaries
• C) Depreciation
• D) None of the above

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Definitions:

Medium of Exchange

A mediating tool or mechanism that enables the buying, selling, or exchanging of products among individuals or groups.

Standard of Deferred Payment

A function of money that allows for goods and services to be paid for at a future date.

M1

Refers to a category of the money supply that includes all physical money, such as coins and currency, as well as demand deposits, checking accounts, and negotiable order of withdrawal (NOW) accounts.

Passbook Savings Account

A type of savings account where transactions are recorded in a physical booklet, allowing depositors to track account activity manually.