For Caterpillar, a tractor and farm equipment manufacturer, spark plugs to be installed in its equipment would be classified on the balance sheet as
A. prepaid expenses.
B. supplies.
C. equipment.
D. depreciation.
E. inventory.
Answer: E
You might also like to view...
A bank may finance up to ________ of a company's accounts receivable.
A. 80 percent B. 50 percent C. 70 percent D. 60 percent
Unlike a firm's mission statement or employee handbook, a firm's organizational culture often
A. lists specific job tasks for employees. B. exists as a set of unspoken guidelines. C. determines the order specification process. D. is ignored by the vast majority of employees. E. is of no importance to purchase decisions.
________ are the three elements of expectancy theory.
A. Expectancy, institution, and variance B. Expectancy, instrumentality, and variance C. Expectancy, institution, and values D. Expectancy, instrumentality, and values E. Expectancy, instrumentality, and valence
Although the work of Modigliani and Miller produced a near-100% debt mix for firms in a world of taxes, the actual debt-to-equity ratio for most firms falls far short of 100% debt financing
Indicate whether the statement is true or false.