How are assets which are expected to be realized in cash, sold, or consumed within the normal operating cycle of a business or within one year (if the operating cycle is shorter than one year) reported on a classified balance sheet?
a. Property, plant, and equipment
b. Current assets
c. Intangible assets
d. Current liabilities
b
You might also like to view...
The first step in preparing a creative brief is to identify the:
A) target audience B) support C) objective D) message theme
According to an axiom in marketing, the more ________ the product, the more heavily firms tend to rely on personal selling to promote it
A) popular B) available C) intangible D) impersonal E) marketable
What is it called when a diversified company can add value by shifting capital from business units generating free cash flow to those needing additional capital to expand and realize their growth potential?
A. internal capital market B. shareholder value added C. economic value added D. cash cow benefits E. transaction cost valuation
Which of the following must be present in order for a business to successfully rely on the
defence of voluntary assumption of risk? A) the exact nature of the risk must be clear to the customer B) the activity being engaged in by the customer must not be high risk C) the customer must have paid adequate consideration for participating in the activity D) the risk must be one which other customers have been willing to assume E) All of the above