Which One of the Following Is Not a Current Asset

It is part of retained earnings. An amount related to an impairment loss on an intangible asset.

Balance Sheet Items List Of Top 15 Balance Sheet Items

Which of the following journal entries would be recorded.

. The caption property plant and equipment generally includes A. A cash advance is made to a divisional office. Which one of the following is not considered to be a current asset.

Property Plant and Equipment 2. A potential obligation the existence or amount of which depends on a future event. Which of the following is not a current asset.

Prepaid expenses appear in the. Other Expenses section of the income statement. Which of the following would NOT be a current asset.

Which of the following is considered to be a long-term. Short-term notes payable are retired with cash. An asset is any commodity or item that has the potential of yielding returns for business owners in the future.

Suppose that a company has 25000 of current assets and 50000 of current liabilities. Acquired 500 worth of supplies on credit. An owners equity is not.

Debit cash credit supplies c. Non-current Assets is A Building B Stock C Debtors D Prepaid Expense. Fixture are classified as non current assets other two are current assets.

Current Assets section of the balance sheet. Total current asset is the aggregate of all cash prepaid expenses receivables and inventory on the companys balance sheet. It is readily converted into cash.

QN107 An asset is considered to be liquid if. Assets that have no future service potential 3. Which of the following is not a current asset of a chemical company.

Which of the following is true about this company. C Buildings with a life in excess of 30 years. Fixtures is not current asset it is fixed asset becaue it has life ver one year.

What is the difference between Financial Accounting and Management Accounting. Which one of the following is not considered to be a. It is a liability.

Interest Ac is A Nominal Ac B Real Ac C Personal Ac D None of these. 10Quayle Company has been sued by a customer who claims injury from use of Quayles product. Which of the following is an example of a non-current asset.

Operating Expenses section of the income statement. Option1 is the right answer. Option4 is the answer.

Assets purchased for sale B. Which of the following is NOT a current asset. Building Ac is related to A Personal Ac B Real Ac C Nominal Ac D None of these.

A Cash B Supplies C Equipment D Prepaid Insurance Differed Revenue PrepayAsset. Debit supplies credit cash b. It is an intangible asset.

Furnishing and Equipment c. A non-current asset is one that ____ have its value fully realized within one year. Some other formulas that are based on total current assets formula are represented below.

It is readily converted into a current asset. Register now or log in to answer. The current ratio would be calculated by dividing 25000 by 50000 to arrive at a 051 ratio.

What are the somekey criteria for an item property plant or equipment to be recognized as an asset. Dont hesitate to ask questions and start discussions whenever you need professional advice. Unearned Income is NOT a Non Current Asset.

Mostly insurance is long term because its annually recognised. Which term is associated with right or right-side. Average Current Assets Aggregate Assets for Current Year Aggregate Assets for Preceding Year 2.

Which of the following is not a current assets. 1 Answer to 1. It is readily converted into current liability.

Which of the following is not an asset. See what the community says and unlock a badge. An amount owed to a state or local government.

Which one of the following is not a current asset account a Cash b Marketable short-term securities c Inventory d Equipment. What is the difference between Non-Profit and Not-for-Profit. A cash dividend is declared.

A Machinery purchased through a finance lease. Which one of the following is not a current asset. It is readily converted into a current asset.

Which one of the following transactions does not change the current ratio and does not change the total current assets. Which of the following tangible non-current assets are not usually depreciated. Inventory and prepaid Insurance are current assets.

What is true with respect to variable costs per unit.

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