Which of the following statements is true?
A.Accumulated depreciation is a contra account on the income statement.
B.The current ratio is current assets plus current liabilities.
C.Intangible assets are assets that do not have a physical existence.
D.Book value of a building is the cost plus accumulated depreciation to date.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true?
A.Accumulated depreciation is a contra account on the income statement.
B.The current ratio is current assets plus current liabilities.
C.Intangible assets are assets that do not have a physical existence.
D.Book value of a building is the cost plus accumulated depreciation to date.

Which of the Following Statements Is True