Cash and all other assets that may be reasonably expected to be converted to cash or consumed within one year or the normal operating cycle of the business are classified as
a. temporary investments.
b. marketable securities.
c. current assets.
d. investments.
c
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Some improvements extend the useful life of an asset but do not increase its usefulness or efficiency
a. True b. False Indicate whether the statement is true or false
If the landlord has rent , then the tenant has rent
a. revenue; revenue b. revenue; expense c. expense; revenue d. expense; expense
A $200,000 bond issue with a carrying value of $206,000 is called at 101 and retired. The entry to record the retirement of bonds is:
A) Bonds Payable 202,000 Loss on Retirementof Bonds 4,000Cash 206,000 B) Bonds Payable 200,000 Unamortized BondPremium 6,000Cash 202,000Gain on Retirementof Bonds 4,000 C) Bonds Payable 200,000 Loss on Retirementof Bonds 6,000Cash 206,000 D) Bonds Payable 206,000 Cash 206,000
Which of the following is NOT recommended when trying to communicate in English with people who have varying levels of fluency?
A. use slang B. speak a bit more slowly C. enunciate carefully D. avoid humor