Long-term assets can be: Select one: a. Debited or credited at the point of purchase b....
Long-term assets can be:
Select one:
a. Debited or credited at the point of purchase
b. Assets or liabilities
c. Composed of property, plant, or equipment only
d. Tangible or intangible
Homework Answers
Correct answer-------d. Tangible or intangible.
Long term assets can be property plant and equipment such as factory building, furniture or intangible asset such as Patent, copyright.
Long term assets are debited at the time of purchase and shown as an asset in balance sheet
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Long-term assets can be:
Select one:
a. Debited or credited at the point of purchase
b....
For manufacturers, long-term tangible assets: Select one: a. Are often the largest item on the balance...
For manufacturers, long-term tangible assets: Select one: a. Are often the largest item on the balance sheet b. Are usually the smallest item on the balance sheet c. Are not shown on the statement of financial position d. Are classified as liabilities
Long-term Investments Prepaid advertising Property, Plant, and Equipment Equipment Trademarks Intangible Assets Salaries and wages payable...
Long-term Investments Prepaid advertising Property, Plant, and Equipment Equipment Trademarks Intangible Assets Salaries and wages payable Current Liabilities Income taxes payable Current Liabilities Retained earnings Stockholders' Equity Current Assets Accounts receivable Property, Plant, and Equipment ÷ Land (held for future use) Patents Intangible Assets Bonds payable Current Liabilities Stockholders' Equity Common stock Accumulated depreciation-equipment Property, Plant, and Equipment Unearned sales revenue Long-term Investments Property, Plant, and Equipment Inventory
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity...
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Additional Paid-in Capital Paid-in Capital Capital Stock Total Capital Stock Total Paid-in Capital Total Stockholders' Equity Total Additional Paid-in Capital Total Paid-in Capital and Retained Earnings Ayayai Corp. has issued 90,000 shares of $4 par...
need help on 2& 3 2. Discount on long-term bonds payable (the bonds mature in five...
need help on 2& 3
2. Discount on long-term bonds payable (the bonds mature in five years). A. Long-term Investments B. Current Assets C. Intangible Assets D. Long-term Liabilities 3. Accumulated depreciation on machinery used in the company's operations. A. Property Plant & Equipment B. Long-term Investments C. Intangible Assets D. Expense
Financing activities include: Select one O a. The purchase and sale of long-term assets. o b....
Financing activities include: Select one O a. The purchase and sale of long-term assets. o b. Take a loan from the bank O c. Primary operations such as selling goods to customers d. Pay salary to employees
Prepare a classified balance sheet for the partnership after the partners’ investments on December 31, 2022.
Prepare a classified balance sheet for the partnership after the partners’ investments on December 31, 2022. THE IVANHOE PARTNERSHIPBalance Sheetchoose the accounting period For the Quarter Ended December 31 , 2022December 31 , 2022For the Year Ended December 31 , 2022Assetsselect an opening name for subsection one ...
The cost of intangible assets of an intellectual nature is composed primarily of: Select one: a....
The cost of intangible assets of an intellectual nature is composed primarily of: Select one: a. Legal fees and the purchase price to obtain rights from a second party b. Cerebral material c. Real property d. Scholarly books
21. Based on the above data, what is the quick ratio, rounded to one decimal point?...
21. Based on the above data, what is the quick ratio, rounded to one decimal point? a. 2.4 b. 3.4 c. 2.1 d. 1.5 Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000
Copyrights are considered: Select one: a. Tangible assets b. Goodwill c. Intangible assets d. Current assets
Copyrights are considered: Select one: a. Tangible assets b. Goodwill c. Intangible assets d. Current assets
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 660,000 545,000 2,420,000 230,000 $3,855,000 $ 460,000 695,000 2,700,000 $3,855,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $165,000; accounts receivable (net). $215,000; inventory $240,000; and prepaid insurance, $40,000, b. Investments: Investment in equity securities, short term,...
Long-term Investments Prepaid advertising Property, Plant, and Equipment Equipment Trademarks Intangible Assets Salaries and wages payable Current Liabilities Income taxes payable Current Liabilities Retained earnings Stockholders' Equity Current Assets Accounts receivable Property, Plant, and Equipment ÷ Land (held for future use) Patents Intangible Assets Bonds payable Current Liabilities Stockholders' Equity Common stock Accumulated depreciation-equipment Property, Plant, and Equipment Unearned sales revenue Long-term Investments Property, Plant, and Equipment Inventory
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Additional Paid-in Capital Paid-in Capital Capital Stock Total Capital Stock Total Paid-in Capital Total Stockholders' Equity Total Additional Paid-in Capital Total Paid-in Capital and Retained Earnings Ayayai Corp. has issued 90,000 shares of $4 par...
need help on 2& 3
2. Discount on long-term bonds payable (the bonds mature in five years). A. Long-term Investments B. Current Assets C. Intangible Assets D. Long-term Liabilities 3. Accumulated depreciation on machinery used in the company's operations. A. Property Plant & Equipment B. Long-term Investments C. Intangible Assets D. Expense
Financing activities include: Select one O a. The purchase and sale of long-term assets. o b. Take a loan from the bank O c. Primary operations such as selling goods to customers d. Pay salary to employees
21. Based on the above data, what is the quick ratio, rounded to one decimal point? a. 2.4 b. 3.4 c. 2.1 d. 1.5 Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 660,000 545,000 2,420,000 230,000 $3,855,000 $ 460,000 695,000 2,700,000 $3,855,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $165,000; accounts receivable (net). $215,000; inventory $240,000; and prepaid insurance, $40,000, b. Investments: Investment in equity securities, short term,...
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