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Match the Following Chapter Terms with Their Definition

Question 83

Matching

Match the following chapter terms with their definition.

Premises:
The simplest method to use when figuring depreciation on an item, such as a piece of equipment
Responses:
assets
fiscal year
liability
fixed cost
final inventory
income
straight line method
proprietorship

Correct Answer:

assets
fiscal year
liability
fixed cost
final inventory
income
straight line method
proprietorship
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