Answered: Which of the the following is is NOT… | bartleby

Financial Accounting Intro Concepts Meth/Uses

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter9: Working Capital

Section: Chapter Questions

Problem 2Q

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Question

MCQ

Which of
the
the
following
is
is NOT
considered a fixed asset?
1) Machinery
2) Land
3) Accounts Receivable
4) Building

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What are some examples of special issues in accounting for long-term assets? How are they handled?
Which one of the following is a current asset? O Creditors. Accruals. Machinery. Prepayments.
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 of the following is NOT considered a fixed asset? A. Machinery B. Accounts Receivable C. Building D. Land
What are the long-term assets which do not have any physical existence? Intangible Assets Tangible Assets Current Liabilities Current Assets.
Which of the following is NOT considered a fixed asset? a) Machinery b) Land c) Building d) Accounts Receivable
Identify an example of a non-current asset. O a. Machinery O b. Bank overdraft O c. Inventory O d. Loan
Fixed asset
Describe accounting for depreciation of fixed assets?
According to the acquired assets should be recorded at the amount actually paid rather than at the estimated market value. O A. monetary unit assumption O B. going concern assumption O C. cost principle D. economic entity concept
Which of the following accounts would be classified as a current asset? Group of answer choices land machinery accounts receivable equipment
General Accounting

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