Which One of the Following Is a Current Asset

Comment Related User Ask Questions. It may not have enough liquidity to cover short-term expenses.

Current Assets Know The Financial Ratios That Use Current Assets

Cash surrender value of a life insurance policy of which the company is the beneficiary.

. Suppose that a company has 25000 of current assets and 50000 of current liabilities. Staple held for resale is a current asset because its easy to sell or liquidate. Which of the following would NOT be a current asset.

The correct order of presentation in a classified balance sheet for the following current assets is. Current assets are those which are convertible into cash in short period of time ie within a year. Accounts receivable cash prepaid insurance inventories.

Which of the following would result if a business has a current ratio less than 1. Cash designated for the purchase of tangible fixed assets. Are defined as inventory and equipment.

The financial statement that reports revenues and expenses is the. B An increase in net working capital must also increase current assets. In other words the meaning of current assets can be explained as an asset that is.

Building Ac is related to A Personal Ac B Real Ac C Nominal Ac D None of these. Cash paid upon signing the franchise contract. Tend to earn a low rate of return.

These are fluctuating assets and changes with each of the business transaction. Which of the following is a current asset. For a company a current asset is an important factor as it gives them a space to use the money on a day-to-day basis and clear the current business expenses.

Current Liabilities is A Creditors B Debentures C Long-term Loan D None of these. Sundry debtors stocks cash on hand cash at bank are the example of current assets. Cash discount allowed to a debtor should be credited to.

Cash inventories accounts receivable prepaid insurance. D statement of cash flows. Current assets include cash and cash equivalents accounts receivable marketable securities prepaid expenses debtors etc.

Which of the following is a current asset. Use the following information to answer questions 8 12. Land that is acquired for future expansion of the business d.

Return of goods by a customer should be debited to. Accounts payable - 955365. Current Assets section of the balance sheet.

Which one of the following is not a current asset. Are defined as current assets minus current liabilities. Current Assets is A Land B Building C Machinery D Stock.

Trade installment receivables normally collectible in 18 months. Creating Provision against fluctuation in the price of investment is an example of which accounting convention. SBPD Publications Financial Accounting XI4 8.

Prepaid expenses are assets that become expenses as they expire or get used up. Office equipment is classified on the balance sheet as. These assets help a company to fund its daily operations.

Is another term for current assets. 7 Which one of the following statements concerning net working capital is correct. Which of the following is NOT a current asset.

In a current asset account the amount of future rent expenditure that has been paid in. Introduction to Business Quiz 3 Name. Since such amounts for sales made are receivable in the short period accounts receivable are classified as current assets.

View Quiz 3docx from MGMT 1050 at University of Cincinnati Main Campus. Which one of the following will increase the cash flow from assets all else equal. The primary stress on one syllable of a word is called the Lexical stress or.

Current Assets are those assets which arises due to business operations. Current assets are those assets that are easy to liquidate sell or consumed within a year. A current asset is an asset that a company holds and can be easily sold or consumed and further lead to the conversion of liquid cash.

Property plant and equipment. A Cash B Supplies C Equipment D Prepaid Insurance Differed Revenue PrepayAsset. Investment in equity securities for the purpose of controlling the issuing company.

Hence the correct answer is C. Which of the following is a current asset. A statement of retained earnings.

A accounts payable b accounts receivable c trademark d equipment e notes payable. Current liabilities and long-term liabilities. Cash deposit for the machinery that is to be delivered in the following period.

Accounts receivable reflects the amount to be received from the debtors for the sales made. A A firms ability to meet its current obligations increases as the firms net working capital decreases. Which one of the following is Current Asset _____ Building Investment Furniture Show Result.

Which of the following is not a primary function of a Bank. As a current asset its recorded on the balance sheet of the company. The payment is treated as a current asset until your company starts to use the office space or facility for which the payment was made within the period for which the payment was made.

Current assets is a balance sheet account that represents the value of all assets that can reasonably expected to be converted into cash within one year. The current ratio would be calculated by dividing 25000 by 50000 to arrive at a 051 ratio. Which of the following is not a current assets.

Which one of the following is a current asset. A Decrease in cash flow to stockholders. Include any asset which can be sold within two years.

C Net working capital increases when inventory is sold for cash at a profit.

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Other Current Assets Oca

Solved Which Of The Following Is Not A Current Asset Select Chegg Com