Which of the following is a noncurrent asset?
a. Inventories
b. Office supplies
c. Land
d. Accounts receivable
c
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Realized gains or losses on available-for-sale investments represent the difference between the ________
A) historical cost and the average market value of the investment B) historical cost and the current market value of the investment C) cash received at time of disposition and the fair value of the investment D) cash received at time of disposition and the cost of the investment
The financial manager selecting one of two projects of differing risk should
A) choose the project with less risk even though that project has less return. B) select the project with the larger risk-adjusted net present value. C) choose the project with greater return even if that project has greater risk. D) choose the project with the least relative risk.
In a multiple regression model involving 60 observations, the following estimated regression equation was obtained:
= 30 + 18x1 + 43x2 + 87x3+ 90x4
For this model, SSR = 800 and SST = 1400. MSR for this model is
A. 200. B. 10. C. 1000. D. 43.
On Jan. 3, Gourmet Cakes sold $15,000 of merchandise, on account with terms 2/10, n/30, to Jerry Hines. Assuming that the original cost of the merchandise to Gourmet Cakes was $4,000 and the perpetual inventory system is used, the journal entry on Jan. 3, to record the sale, would be: DEBIT CREDITA)Sales 15,000 Accounts Receivable/J.Hines 15,000 B)Accounts Receivable/J.Hines 15,000 Sales 15,000 Cost of Goods Sold 4,000 Merchandise Inventory 4,000 C)Accounts Payable/J.Hines 15,000 Sales 15,000 Merchandise Inventory 4,000 Cost of Goods Sold 4,000 D)Accounts Receivable/J.Hines 15,000 Sales 11,000 Cost of Goods Sold 4,000
A. Option A. B. Option B. C. Option C. D. Option D.