Which of the following is NOT classified as a non-currentasset?a) Landb) Buildingsc) Inventoryd) Equipment

Explanation of Non-current Assets:Non-current assets are resources owned by a business that are not…

Answered: Which of the following is NOT…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 2DQ

See similar textbooks

Similar questions

If certain conditions are met, which of the following properties could be classified as section 1231 property? A. Stock. B. Inventory. C. Accounts Receivable. D. Computer. E. None of the above.
Explain the conditions under which assets and liabilities are derecognized
Which of the following would not be classified as a current asset? Prepaid expenses Plant, property and equipment Marketable securities Inventory
Is property, plant and equipment is classified as non-current assets?
Disclosures relating to PP&E assets are Select one: a. less extensive under ASPE. b. more extensive under ASPE. c. identical under IFRS and ASPE. d. less extensive under IFRS.
Explain what is meant by a 'complex' non-current asset and explain briefly how IAS 16 requires expenditure on complex non-current assets to be accounted for
Which of the following term relates to Copyrights, Patents and Trademarks? O a. Investments O b. Intangible assets O c. Current assets O d. Fixed assets
Describe the differences in assets that are unrestricted, temporarily restricted, or permanently restricted and explain the method of reporting these categories.
Which of the following is an intangible asset?a. Landb. Leasehold improvementsc. Equipmentd. Copyright
Which of the following concepts is not related to depreciation? Select one: a. Historical cost concept b. Accrual concept c. Going concern concept d. Matching concept
What are the long-term assets which do not have any physical existence? A. Intangible Assets B. Tangible Assets C. Current Liabilities D. Current Assets
Which one of the following category outstanding expenses belong to? a. Intangible asset b. Current liability c. Non-current asset d. Current asset

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Cornerstones of Financial Accounting

Accounting

ISBN:

9781337690881

Author:

Jay Rich, Jeff Jones

Publisher:

Cengage Learning

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Auditing: A Risk Based-Approach (MindTap Course L…

Accounting

ISBN:

9781337619455

Author:

Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:

Cengage Learning

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

Auditing: A Risk Based-Approach to Conducting a Q…

Accounting

ISBN:

9781305080577

Author:

Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS

Which of the following is NOT classified as a non-current asset? a) Land b) Buildings c) Inventory d) Equipment