Which of the following is most likely based on an assumption?
A) how to record petty cash transactions
B) decision for which method of depreciation to use
C) the balance in the cash account
D) the value of the Accounts Payable account
Answer: B
Explanation: B) Deciding which method of depreciation to use is based on assumptions regarding patterns of use.
Business
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Which of the following statements is (are) true with respect to annuities?
I. Annuities are the opposite of life insurance. II. The fundamental purpose of annuities is to replace lost income in case of premature death A) I only B) II only C) both I and II D) neither I nor II
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Which of the following layers governs internet transmission?
A) data link layer B) transport layer C) both A and B D) neither A nor B
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