Long-lived assets held for sale are classified as fixed assets
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following below is an example of a capital expenditure?
a. cleaning the carpet in the front room b. tune-up for a company truck c. replacing an engine in a company car d. replacing all burned-out light bulbs in the factory
Which of the following is likely to be an important trend in marketing in the future?
A) marketing intuition B) free-spending marketing C) manual marketing D) marketing science E) mass marketing
Most business reports fit into two broad categories. List and describe these two categories; then present one original example of each
All of the following statements regarding long-term liabilities are true except?
A. Liabilities not expected to be paid within the longer of one year or the company's operating cycle are reported as long-term liabilities. B. Long-term liabilities can be reported on the balance sheet in a single total or in multiple categories. C. A single long-term liability can be divided between current and noncurrent sections on the balance sheet. D. Long-term liabilities include long-term notes payable, warranty liabilities, lease liabilities, and bonds payable. E. Liabilities that do not have a fixed due date, but are payable on demand, are reported as long-term liabilities.