Question: Please just provide the right answer, no need to explain Bonpoc 16 For a college student who needs to buy an $80 textbook, the money

Please just provide the right answer, no need to explain Please just provide the right answer, no need toPlease just provide the right answer, no need toPlease just provide the right answer, no need toPlease just provide the right answer, no need toPlease just provide the right answer, no need toPlease just provide the right answer, no need to

Bonpoc 16 For a college student who needs to buy an $80 textbook, the money she received from her parents for the purchase of school supplies would be used as a: store of value medium of exchange o measure of wealth O commodity of exchange O measure of value 15 What are the broad categories of commercial banks in the United States? centralized and decentralized banks O rural and urban banks national and federal banks Ostate and national banks O depository and nondepository banks 14 Trademarks, franchises, patents, and copyrights are carried on the company's books as: tangible assets O intangible assets O owners' equity o long-term assets O goodwill 13 Which of the following statements about the accounting profession is true? Most CPAs first work for public accounting firms and later become private accountants or financial managers. O Managerial accountants become a certified management accountant when they meet the requirements of the professional certification program. Public accountants serve individuals and organizations on a fee basis. Private accountants are also called corporate accountants. O All of the above statement about the accounting profession are true. Bonpoc 11 Which of the following is NOT one of the six steps in the accounting cycle? analyzing business transaction documents recording business transactions in journal preparing a trial balance O paying accounts payable O preparing the financial statements 12 Which of the following is the BEST example of a current asset for a university bookstore? the building in which the store is located accounting software used to control store's inventory credit card charges by book buyers money paid for rent and utilities salary paid to student employees

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