Narrative 15-1For the balance sheet items, indicate the appropriate category:
a.Current Assetb.Fixed Assetc.Current Liabilityd.Long-Term Liabilitye.Owner's Equity 
Refer to Narrative 15-1. Equipment

What will be an ideal response?


b. Fixed asset

Business

You might also like to view...

The imminent approach of Halloween pushes millions of homeowners to go out and purchase candy corn. Halloween stimulates a(n) ________, which forms a part of the buying process.

A. information search B. evaluation of consideration sets C. choice of alternatives D. postpurchase satisfaction E. need recognition

Business

The Allowance for Bad Debts account has a credit balance of $8000 before the adjusting entry for bad debts expense. After analyzing the accounts in the accounts receivable subsidiary ledger using the aging-of-receivables method, the company's management estimates that uncollectible accounts will be $15,000. What will be the balance of the Allowance for Bad Debts reported on the balance sheet?

A) $15,000 B) $7000 C) $23,000 D) $13,500

Business

In an auction with reserve, the seller retains the right to refuse the highest bidder

Indicate whether the statement is true or false

Business

After writing a follow-up letter to thank your interviewer, your next step should be A) alerting your references that they may be contacted by the employer

B) sending a small gift to the receptionist to show your sincere appreciation. C) calling the organization's human resources department to learn more about your competitors for the open position. D) waiting at least one month for a call of acceptance or rejection.

Business