Answered: 12. Which of the following is NOT an…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 22DQ

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Similar questions

Which of the following is an example of a non-liquid asset? O Accounts Receivable Raw Material Inventory - Cash O Common Stock
Which of the following is not an asset? a.cash b.inventory c.owner's equity d.investments
Rr.22. Which of the following is an example of a "quick asset" for purposes of applying the acid-test or quick ratio? (Check all that apply) a. inventory b. cash c. land d. prepaid rent e. current investments f. accounts receivable
Assets that can be easily converted into money without loss of value are Select one: O A. liquid. O B. liabilities. O C. transactions balances. OD. currencies.
The monetary value of the net assets is reported at its historical cost on the balance sheet? a. physical capital b. excess capital c. net capital d. financial capital
76. What is nature of Capital account? A. O Debit B. O Credit C. O Expenses D. O Loss
How do you decide the liquidity order (what asset come before the other...expenses vs prepaid vs inventory) of current assets?
Capitalizing a cost involves increasing what type of account?a. Liabilityb. Expensec. Stockholders’ equityd. Asset
Which of the following would be classified as a cash outflow from an operating activity? a. Purchase of an investment b. Payment of dividends c. Purchase of equipment d. Payment of goods purchased from suppliers
Outline how you would incorporate the following into the CCAPM:a. Liquidity.b. Nontraded assets. (Do you have to worry about labor income?)
14) Which of the following is the least liquid current asset? A) Accruals B) Accounts receivable C) Marketable securities D) Inventory
Working capital is an indication of the firms ________. A. asset utilization B. amount of noncurrent liabilities C. liquidity D. amount of noncurrent assets

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12. Which of the following is NOT an operating asset? Select one: a. Plant equipment. b. Common shares. c. Cash. d. Inventory.