____________________ accounts accumulate information across ...

[ts19998]

___________________ _ accounts accumulate information across accounting periods and are reported on the balance sheet.
 Fill in the blank(s) with correct word

Question 2

Ace Electronics bought a new factory for 5,000,000. The factory was originally offered for sale for 5,200,000, but Ace successfully negotiated a lower price. Acme, Inc was also trying to buy the factory and offered to pay 4,900,000.
 
  Ace should record the factory on its books at ________.
  A) 5,200,000
  B) 5,000,000
  C) 4,500,000
  D) 4,900,000

[al]

Answer to Question 1

Permanent

Answer to Question 2

B

[ts19998]

Correct answers!

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