Homework Answers
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Answer) Assets that will be used up or converted to cash within 12 months thus any asset which can be converted into cash within one year is a current assets Examples cash , account receivable , supplies etc |
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Current assets include: Multiple Choice Assets that will be used for many years Assets that will be used up or conv...
Current assets include: Group of answer choices Assets that will be used for many years. Assets...
Current assets include: Group of answer choices Assets that will be used for many years. Assets that will be used up or converted to cash within 12 months. Assets that must be paid for within 12 months. Any assets that were purchased for cash.
Long-term investments: Multiple Choice Are current assets. Can include funds designated for a special purpose, or...
Long-term investments: Multiple Choice Are current assets. Can include funds designated for a special purpose, or investments in land not used in the company’s operations. Must be readily convertible to cash. Are expected to be converted into cash within one year. Include only equity securities.
Long-term investments: Multiple Choice Must be readily convertible to cash. Are expected to be converted into...
Long-term investments: Multiple Choice Must be readily convertible to cash. Are expected to be converted into cash within one year. Include only equity securities. Can include funds designated for a special purpose, or investments in land not used in the company’s operations. Are current assets.
Current assets are expected to be used up or converted to cash within one year or...
Current assets are expected to be used up or converted to cash within one year or an operating period. Why does the classification of current versus non-current assets matter? Give concrete examples of current and non-current assets in your response. Specifically mention where this may or may not be helpful to (a) management, (b) a leading institution, (c) potential investors/ stockholders.
Temporary current assets are those assets that are Multiple Choice Capital assets. Semi-permanent. Self-liquidating Permanent assets...
Temporary current assets are those assets that are Multiple Choice Capital assets. Semi-permanent. Self-liquidating Permanent assets When retained earnings are not sufficient to cover the need for investment in current assets, firms seek to use all of the following methods except: Multiple Choice trade credit bank loans short-term securities. selling off inventories We were unable to transcribe this imageUsually yield curves arebut during peak periods of economic expansion yield curves may be Multiple Choice upward sloping, downward sloping downward sloping:...
Natural resources are: Multiple Choice Tangible assets used in the operations of the business. Consumable assets...
Natural resources are: Multiple Choice Tangible assets used in the operations of the business. Consumable assets such standing timber, mineral deposits, and oil and gas fields. Not subject to allocation to expense over their useful lives. Current assets because they are depleted. Depleted using a straight-line method.
Bank assets include: Multiple Choice A- Equity B- Mortgages C- Deposits
Bank assets include: Multiple Choice A- Equity B- Mortgages C- Deposits
If supplies are purchased for cash: Multiple Choice total assets will decrease. total assets will increase....
If supplies are purchased for cash: Multiple Choice total assets will decrease. total assets will increase. stockholders' equity will increase. total assets will remain the same.
If liabilities are $53,000 and assets are $173,500, then equity equals: Multiple Choice $120,500 $173,500 $226,500...
If liabilities are $53,000 and assets are $173,500, then equity equals: Multiple Choice $120,500 $173,500 $226,500 $53,000 If the liabilities of a business increased $83,000 during a period of time and the equity in the business decreased $34,000 during the same period, the assets of the business must have: Multiple Choice Decreased $117,000 Decreased $49,000 Increased $49,000 Beta Corporation purchased $160,000 worth of land by paying 16,000 cash and signing a $144,000 mortgage. Immediately prior to this transaction the corporation...
What is the primary difference between an asset and an expense? Multiple Choice An expense shows...
What is the primary difference between an asset and an expense? Multiple Choice An expense shows up on the balance sheet, while an asset shows up on the income statement Companies should try to maximize assets, while minimizing expenses. An asset is purchased in cash, while an expense is financed on account. An asset has future value, while an expense is used up in the current period. O Assets are temporary accounts, while expenses are permanent. An asset has a...
Temporary current assets are those assets that are Multiple Choice Capital assets. Semi-permanent. Self-liquidating Permanent assets When retained earnings are not sufficient to cover the need for investment in current assets, firms seek to use all of the following methods except: Multiple Choice trade credit bank loans short-term securities. selling off inventories We were unable to transcribe this imageUsually yield curves arebut during peak periods of economic expansion yield curves may be Multiple Choice upward sloping, downward sloping downward sloping:...
If supplies are purchased for cash: Multiple Choice total assets will decrease. total assets will increase. stockholders' equity will increase. total assets will remain the same.
If liabilities are $53,000 and assets are $173,500, then equity equals: Multiple Choice $120,500 $173,500 $226,500 $53,000 If the liabilities of a business increased $83,000 during a period of time and the equity in the business decreased $34,000 during the same period, the assets of the business must have: Multiple Choice Decreased $117,000 Decreased $49,000 Increased $49,000 Beta Corporation purchased $160,000 worth of land by paying 16,000 cash and signing a $144,000 mortgage. Immediately prior to this transaction the corporation...
What is the primary difference between an asset and an expense? Multiple Choice An expense shows up on the balance sheet, while an asset shows up on the income statement Companies should try to maximize assets, while minimizing expenses. An asset is purchased in cash, while an expense is financed on account. An asset has future value, while an expense is used up in the current period. O Assets are temporary accounts, while expenses are permanent. An asset has a...
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