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C DIF: Moderate OBJ: 04-02 NAT: AACSB Analytic | AICPA FN-Measurement 6. Accumulated Depreciation appears on the a. balance sheet in the current...
ANS: C DIF: Moderate OBJ: 04-02 NAT: AACSB Analytic | AICPA FN-Measurement 6. Accumulated Depreciation appears on the a. balance sheet in the current assets section b. balance sheet in the property, plant and equipment section c. balance sheet in the long-term liabilities section d. income statement as an operating expense ANS: B DIF: Moderate OBJ: 04-02 NAT: AACSB Analytic | AICPA FN-Measurement 7. Notes Receivable due in 345 days appear on the a. balance sheet in the current assets section b. balance sheet in the fixed assets section c. balance sheet in the current liabilities section d. income statement as an expense ANS: A DIF: Moderate OBJ: 04-02 NAT: AACSB Analytic | AICPA FN-Measurement 8. Unearned Fees appear on the a. balance sheet in the current assets section b. balance sheet as a current liability c. balance sheet in the owner"s equity section d. income statement as revenue ANS: B DIF: Easy OBJ: 04-02 NAT: AACSB Analytic | AICPA FN-Measurement 9. Which one of the fixed asse
