Which of the following is NOT considered a current asset? A) Accounts receivableB) CashC) Prepaid expensesD) Property, plant, and equipment
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Which of the following is NOT considered a current asset?
A) Accounts receivable
B) Cash
C) Prepaid expenses
D) Property, plant, and equipment
Step by step
Solved in 2 steps
- Explanation: Which of the following is NOT considered a current asset? A) Accounts receivableB) CashC) Prepaid expensesD) Property, plant, and equipment.Which of the following would not be classified as a current asset? Prepaid expenses Plant, property and equipment Marketable securities InventoryWhat 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 of the following is an example of a non-current asset?A) Accounts ReceivableB) InventoryC) EquipmentD) Accounts PayableWhich of the following is an example of a non-current asset?A) Accounts ReceivableB) InventoryC) EquipmentD) Accounts PayableExplaination.What are the long-term assets which do not have any physical existence? Intangible Assets Tangible Assets Current Liabilities Current Assets.
- no use ai. Which of the following is NOT considered a current asset? A) Accounts receivableB) CashC) Prepaid expensesD) Property, plant, and equipmentConsider the Classified Balance Sheet... The following categories are reflected on the classified balance EXCEPT: O Non-current assets O Long-Term Investments Plant, Property, and Equipment O Current Assests O Current Liabilities O IntangiblesPlease explain Tangible and Intangible Assets. What are types of both? Also Intangible Assets are not depreciated but amortized. Please explain the difference. What kind of intangible assets are amortized? Do Tangible and Intangible Assets show up on the Balance Sheet, if they , is do please list the order they appear. For example Current Assets appear first and in order of liquidity is that correct? Please Show in order how Assets are recorded as well as explain the difference between Tangible and Intangible and what amortization is. Thanks!
- What are some examples of special issues in accounting for long-term assets? How are they handled?Define current assets and current liabilities. Why are current assets and current liabilities separated from noncurrent assets and long-term liabilities on the balance sheet?Property, Plant, and Equipment is considered why type of asset? A. current assets B. contra assets C. tangible assets D. intangible assets
