Which Type of Facility Is Large and Expensive

question 14

Multiple Choice

Which type of facility is large and expensive?

• A)light-industry facilities
• B)retail and service facilities
• C)heavy-manufacturing facilities
• D)medium-site facilities

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Definitions:

Adjusting Entries

Journal entries made in accounting to update the records for expenses and revenues that have accrued but are not yet recorded.

Daily Wages

The amount of money that a worker earns for one day of labor.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the consumption of the asset.

Office Supplies

Items and equipment regularly used in offices by businesses and other organizations, including paper, pens, and stationery.