Long term assets having no physical existence but, possessing a value are called A) Intangible assets B) Fixed assets C) Current assets D) Investments

Long term assets having no physical existence but, possessing a value are called A) Intangible assets B) Fixed assets C) Current assets D) Investments
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Copyrights, Patents and Trademarks are, A) Current assets B) Fixed assets C) Intangible assets D) Investments

Description : Copyrights, Patents and Trademarks are, A) Current assets B) Fixed assets C) Intangible assets D) Investments

Last Answer : Answer: C 

The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as A) Current assets B) Fixed assets C) Intangible assets D) Investments

Description : The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as A) Current assets B) Fixed assets C) Intangible assets D) Investments

Last Answer : Answer: A

Intangible assets are a. listed under current assets on the balance sheet. b. not listed on the balance sheet because they do not have physical substance. c. noncurrent resources. d. listed as a long-term investment on the balance sheet.

Description : Intangible assets are a. listed under current assets on the balance sheet. b. not listed on the balance sheet because they do not have physical substance. c. noncurrent resources. d. listed as a long-term investment on the balance sheet.

Last Answer : Intangible assets are a. listed under current assets on the balance sheet. b. not listed on the balance sheet because they do not have physical substance. c. noncurrent resources. d. listed as a long-term investment on the balance sheet.

Stock is A. Included in the category of fixed assets B. Part of current assets C. Intangible D. Tangible

Description : Stock is A. Included in the category of fixed assets B. Part of current assets C. Intangible D. Tangible

Last Answer : B. Part of current assets

Land held for future use will be reported in the ____________ section of a classified balance sheet. a. Long-term assets. b. Long-term investments. c. Property, Plant and Equipment. d. Current assets..

Description : Land held for future use will be reported in the ____________ section of a classified balance sheet. a. Long-term assets. b. Long-term investments. c. Property, Plant and Equipment. d. Current assets..

Last Answer : b. Long-term investments.

________ do not give the returns during the same period during which they are paid for A. Intangible assets B. Fixed assets C. Both (A) and (B) D. None of the above

Description : ________ do not give the returns during the same period during which they are paid for A. Intangible assets B. Fixed assets C. Both (A) and (B) D. None of the above

Last Answer : B. Fixed assets

Fixed assets, inventories and investments in Equity shares are examples of ____________ items.

Description : Fixed assets, inventories and investments in Equity shares are examples of ____________ items.

Last Answer : Non-monetary,

The Amalgamation Adjustment Account appears in the books, it is shown under the heading of ......... in the balance sheet. (A) Reserve and Surplus (B) Fixed Assets (C) Investments (D) Miscellaneous Expenditure

Description : The Amalgamation Adjustment Account appears in the books, it is shown under the heading of ......... in the balance sheet. (A) Reserve and Surplus (B) Fixed Assets (C) Investments (D) Miscellaneous Expenditure

Last Answer : (B) Equity Shareholders Account

The Amalgamation Adjustment Account appears in the books, it is shown under the heading of ......... in the balance sheet. (A)Reserve and Surplus (B)Fixed Assets (C)Investments (D)Miscellaneous expenditure

Description : The Amalgamation Adjustment Account appears in the books, it is shown under the heading of ......... in the balance sheet. (A)Reserve and Surplus (B)Fixed Assets (C)Investments (D)Miscellaneous expenditure

Last Answer : (D)Miscellaneous expenditure

Goodwill, Copyright and Trademarks should be classified as– (A) Tangible assets (B) Intangible assets (C) Current assets (D) Fictitious assets

Description : Goodwill, Copyright and Trademarks should be classified as– (A) Tangible assets (B) Intangible assets (C) Current assets (D) Fictitious assets

Last Answer : Answer: Intangible assets

Patents and copyrights fall under the category of 1. Current assets 2. Liquid assets 3. Intangible assets 4. Nominal assets 5. None of these

Description : Patents and copyrights fall under the category of 1. Current assets 2. Liquid assets 3. Intangible assets 4. Nominal assets 5. None of these

Last Answer : Intangible assets

Depreciation is shown in ____________________. a. P & L statement b. Current Assets c. Investments d. Creditors

Description : Depreciation is shown in ____________________. a. P & L statement b. Current Assets c. Investments d. Creditors

Last Answer : a. P & L statement

Permanent working capitalA. varies with seasonal needs B. includes fixed assets C. is the amount of current assets required to meet a firm's long-term minimum needs D. includes accounts

Description : Permanent working capital A. varies with seasonal needs B. includes fixed assets C. is the amount of current assets required to meet a firm's long-term minimum needs D. includes accounts

Last Answer : C. is the amount of current assets required to meet a firm's long-term minimum needs

Which of the following statements relating to working capital financing is not correct? A. An aggressive policy uses long-term debt to finance fluctuating current assetsB. Long-term debt is less risky that short-term debt C. A conservative policy uses long-term debt to finance fixed assets D. Short-term debt is cheaper than long-term debt E. The matching principle indicates that fluctuating current assets should be financed by short-term debt

Description : Which of the following statements relating to working capital financing is not correct? A. An aggressive policy uses long-term debt to finance fluctuating current assets B. Long-term debt ... . The matching principle indicates that fluctuating current assets should be  financed by short-term debt

Last Answer : A. An aggressive policy uses long-term debt to finance fluctuating current assets

Which of the following statements is correct for a conservative financing policy for a firm relative to a former aggressive policy? A. The firm uses long-term financing to finance all fixed and current assets. B. The firm will see an increase in its expected profits. C. The firm will see an increase in its risk profile. D. The firm will increase its dividends per share (DPS) this period.

Description : Which of the following statements is correct for a conservative financing policy for a firm  relative to a former aggressive policy? A. The firm uses long-term financing to finance all fixed and current ... its risk profile. D. The firm will increase its dividends per share (DPS) this period.

Last Answer : B. The firm will see an increase in its expected profits.

Cash equivalent are usually of short term but highly -----------------investments a) liquid b) Fixed c) Changed d) None of these

Description : Cash equivalent are usually of short term but highly -----------------investments a) liquid b) Fixed c) Changed d) None of these

Last Answer : a) liquid

Accounting for Intangible Assets are related to– (A) AS - 10 (B) AS - 12 (C) AS - 24 (D) AS - 26

Description : Accounting for Intangible Assets are related to– (A) AS - 10 (B) AS - 12 (C) AS - 24 (D) AS - 26

Last Answer : Answer: AS - 26

Intangible assets are 1. Which can be physically verified 2. Which cannot be seen or touched 3. Which are written as expenses 4. Which will be spent in the future 5. None of these

Description : Intangible assets are 1. Which can be physically verified 2. Which cannot be seen or touched 3. Which are written as expenses 4. Which will be spent in the future 5. None of these

Last Answer : Which cannot be seen or touched

intangible assets include each of the following except a. copyrights. b. goodwill. c. land improvements. d. patents.

Description : intangible assets include each of the following except a. copyrights. b. goodwill. c. land improvements. d. patents.

Last Answer : c. land improvements.

Which of the following method would you consider appropriate while valuing the intangible assets? a) Multiple b) Relative c) Consistent d) Exclusive

Description : Which of the following method would you consider appropriate while valuing the intangible assets? a) Multiple b) Relative c) Consistent d) Exclusive

Last Answer : b) Relative

Individuals hold their claims on real assets through ____________ in a well-developed economy. a) intangible assets b) tangible assets c) real estate d) financial assets

Description : Individuals hold their claims on real assets through ____________ in a well-developed economy. a) intangible assets b) tangible assets c) real estate d) financial assets

Last Answer : d) financial assets

Which of the following is not included in the category of 'Intangible Assets' ? A. Patents rights B. Copy rights C. Competitive benefit and privileges D. Machinery

Description : Which of the following is not included in the category of 'Intangible Assets' ? A. Patents rights B. Copy rights C. Competitive benefit and privileges D. Machinery

Last Answer : D. Machinery

Which of the following is incorrect? a) Good will intangible asset b) Sundry debtors -current asset c) Loose tools tangible fixed asset d) Outstanding expenses -current asset.

Description : Which of the following is incorrect? a) Good will intangible asset b) Sundry debtors -current asset c) Loose tools tangible fixed asset d) Outstanding expenses -current asset.

Last Answer : d) Outstanding expenses -current asset.

On a classified balance sheet, merchandise inventory is classified as a. an intangible asset. b. property, plant, and equipment. c. a current asset. d. a long-term investment.

Description : On a classified balance sheet, merchandise inventory is classified as a. an intangible asset. b. property, plant, and equipment. c. a current asset. d. a long-term investment.

Last Answer : c. a current asset.

Liabilities are generally classified on a balance sheet as a. small liabilities and large liabilities. b. present liabilities and future liabilities. c. tangible liabilities and intangible liabilities. d. current liabilities and long-term liabilities.

Description : Liabilities are generally classified on a balance sheet as a. small liabilities and large liabilities. b. present liabilities and future liabilities. c. tangible liabilities and intangible liabilities. d. current liabilities and long-term liabilities.

Last Answer : d. current liabilities and long-term liabilities.

Office Equipment is classified in the balance sheet as a. a current asset. b. property, plant, and equipment. c. an intangible asset. d. a long-term investment.

Description : Office Equipment is classified in the balance sheet as a. a current asset. b. property, plant, and equipment. c. an intangible asset. d. a long-term investment.

Last Answer : b. property, plant, and equipment.

How does complimentary social managerial and organizational assets help optimizee returns from information technology investments?

Description : How does complimentary social managerial and organizational assets help optimizee returns from information technology investments?

Last Answer : What is the answer ?

Which of the following statement is correct? A. Fixed assets must always be shown at market value B. Book-keeping and accounting are different terms C. Owner's Equity = Assets + Liabilities D. Patents is an example of current asset

Description : Which of the following statement is correct? A. Fixed assets must always be shown at market value B. Book-keeping and accounting are different terms C. Owner's Equity = Assets + Liabilities D. Patents is an example of current asset

Last Answer : A. Fixed assets must always be shown at market value

Which one of the following is an example of sources of funds? A. Decrease in share capital B. Increase in long-term liabilities C. Decrease in long-term liabilities D. Increase in fixed assets

Description : Which one of the following is an example of sources of funds? A. Decrease in share capital B. Increase in long-term liabilities C. Decrease in long-term liabilities D. Increase in fixed assets

Last Answer : B. Increase in long-term liabilities

Net capital employed is equal to --------------- a) Total assets minus liabilities b) Fixed asset plus net working capital c) Total asset minus long-term liabilities d) Total assets

Description : Net capital employed is equal to --------------- a) Total assets minus liabilities b) Fixed asset plus net working capital c) Total asset minus long-term liabilities d) Total assets

Last Answer : b) Fixed asset plus net working capital

An intangible asset a. does not have physical substance, yet often is very valuable. b. is worthless because it has no physical substance. c. is converted into a tangible asset during the operating cycle. d. cannot be classified on the balance sheet because it lacks physical substance.

Description : An intangible asset a. does not have physical substance, yet often is very valuable. b. is worthless because it has no physical substance. c. is converted into a tangible asset during the operating cycle. d. cannot be classified on the balance sheet because it lacks physical substance.

Last Answer : a. does not have physical substance, yet often is very valuable.

You find a herbaceous flowering plant growing in your school garden having leaves with parallel venation. Choose the correct additional features the given plant would be possessing. (I) It has no secondary vascular tissues. (II) Its flower possesses three sepals. (Ill) It possesses tap root. (IV) Its embryo has 2 cotyledons. (1) (I) and (II) (2) (I) and (III) (3) (II) and (IV) (4) (III) and (IV)

Description : You find a herbaceous flowering plant growing in your school garden having leaves with parallel venation. Choose the correct additional features the given plant would be possessing. (I) It has no secondary vascular tissues. (II) Its flower ... (2) (I) and (III) (3) (II) and (IV) (4) (III) and (IV)

Last Answer : 1) (I) and (II)

Which of the following accurately categorizes the Machines an Organization uses ? A. Tangible, Financial Resources B. Intangible, Financial Resources C. Tangible, Intellectual CapitalD. Tangible, Physical Resources

Description : Which of the following accurately categorizes the Machines an Organization uses ? A. Tangible, Financial Resources B. Intangible, Financial Resources C. Tangible, Intellectual Capital D. Tangible, Physical Resources

Last Answer : Tangible, Physical Resources

Softcopy is the intangible output, so then what is hardcopy? a) The physical parts of the computer b) The printed parts of the computer c) The printed output d) The physical output devices e) None of these

Description : Softcopy is the intangible output, so then what is hardcopy? a) The physical parts of the computer b) The printed parts of the computer c) The printed output d) The physical output devices e) None of these

Last Answer : c) The printed output

What is an intangible asset? a) Non-monetary asset with physical substance b) Monetary asset without physical substance c) Non-monetary asset without physical substance d) Monetary asset with physical substance

Description : What is an intangible asset? a) Non-monetary asset with physical substance b) Monetary asset without physical substance c) Non-monetary asset without physical substance d) Monetary asset with physical substance

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Competence as a certified public accountant includes all of the following except a. Consulting others if additional technical information is needed. b. Possessing the ability to supervise and evaluate the quality of staff work. c. Having the technical qualifications to perform an engagement. d. Warranting the infallibility of the work performed

Description : Competence as a certified public accountant includes all of the following except a. Consulting others if additional technical information is needed. b. Possessing the ability to supervise and ... technical qualifications to perform an engagement. d. Warranting the infallibility of the work performed

Last Answer : Warranting the infallibility of the work performed

What term would best be used to describe an organism possessing two identical gene for a trait?

Description : What term would best be used to describe an organism possessing two identical gene for a trait?

Last Answer : homozygous

What term would best be used to describe an organism possessing two identical genes for a trait?

Description : What term would best be used to describe an organism possessing two identical genes for a trait?

Last Answer : Need answer

The term used for plasmids possessing both RTF and r determinants is A- non self-transmissible plasmids B- non conjugative plasmids C- conjugative plasmids D- none of the above

Description : The term used for plasmids possessing both RTF and r determinants is A- non self-transmissible plasmids B- non conjugative plasmids C- conjugative plasmids D- none of the above

Last Answer : conjugative plasmids

Project Management focuses on _____ goals.(A) targeted (B) long-term (C) tangible (D) intangible

Description : Project Management focuses on _____ goals. (A) targeted (B) long-term (C) tangible (D) intangible

Last Answer : (A) targeted

Portfolio Management focuses on _____ goals. (A) targeted (B) long-term (C) tangible (D) intangible

Description : Portfolio Management focuses on _____ goals. (A) targeted (B) long-term (C) tangible (D) intangible

Last Answer : (B) long-term

In conducting an appraisal of the economy and efficiency with which company resources are used, an internal auditor's responsibility is to: a. Verify the accuracy of asset valuation. b. Verify the existence of assets. c. Determine whether operating standards have been established. d. Review the reliability of operating information

Description : In conducting an appraisal of the economy and efficiency with which company resources are used, an internal auditor's responsibility is to: a. Verify the accuracy of asset valuation. ... . Determine whether operating standards have been established. d. Review the reliability of operating information

Last Answer : Determine whether operating standards have been established

The expenses incurred on the setting up of the enterprise are called as _________. A. Cost of financing. B. Cost of promotion.. C. Cost of fixed assets. D. Cost of current assets.

Description : The expenses incurred on the setting up of the enterprise are called as _________. A. Cost of financing. B. Cost of promotion.. C. Cost of fixed assets. D. Cost of current assets.

Last Answer : B. Cost of promotion..

Which fixed annuities pay the best for investments?

Description : Which fixed annuities pay the best for investments?

Last Answer : Fixed annuties are guaranteed to drop below a preset or fixed return on your investment. They are usually tied to the stock market. For a review of different type of annuities check out www. ... surrender charges. All of these factors are to be considered when looking for the best returns paid.

What are some of the best investments with the best fixed annuities for a 10,000 investment?

Description : What are some of the best investments with the best fixed annuities for a 10,000 investment?

Last Answer : annuityinvestmentguide.com is a great way to help guide you through choosing.

Identify, from among the following, the correct statement. a) One of the main challenges Engineering facing today is the requirement of most systems to wob) ‘Legacy systems’ are custom developed systems for the legal domain c) does not wear-out in the traditional sense of the term, but does tend to deteriorate as it evolves d) Since is essentially ‘intangible’ it is relatively easy to manage projects With the advent of component based assembly, we find that onlyless than 20% of today’s is still custom builtrk with a multitude of homogenous systems

Description : Identify, from among the following, the correct statement. a) One of the main challenges Engineering facing today is the requirement of most systems to work with a multitude of  homogenous systems ... of component based assembly, we find  that onlyless than 20% of today's is still custom built

Last Answer : c) does not wear-out in the traditional sense of the term, but  does tend to deteriorate as it evolves

Identify the incorrect statement in connection with working capital management. A. Long-term funds are more expensive than short-term funds but also riskier B. The objectives of working capital management are profitability and liquidity C. Permanent current assets should be financed from long-term sources if a moderate or matching policy is adopted D. Conservative financing policies use short-term funds to finance only part of fluctuating current assets E. Aggressive financing policies increase profitability at the cost of higher risk

Description : Identify the incorrect statement in connection with working capital management. A. Long-term funds are more expensive than short-term funds but also riskier B. The objectives of ... fluctuating current assets E. Aggressive financing policies increase profitability at the cost of higher risk

Last Answer : A. Long-term funds are more expensive than short-term funds but also riskier

Which one of the following ratios is likely to be affected the most on account of price level changes ? (A) Current Ratio (B) Inventory Turnover Ratio (C) Debtors’ Turnover Ratio (D) Fixed Assets Turnover Ratio

Description : Which one of the following ratios is likely to be affected the most on account of price level changes ? (A) Current Ratio (B) Inventory Turnover Ratio (C) Debtors’ Turnover Ratio (D) Fixed Assets Turnover Ratio

Last Answer : Answer: Debtors’ Turnover Ratio

According to Balance Sheet equation concept, the capital will be– (A) Capital = Liabilities – Assets (B) Capital = Fixed Assets – Current Assests (C) Capital = Assets – Liabilities (D) Capital = Assets + Liabilities

Description : According to Balance Sheet equation concept, the capital will be– (A) Capital = Liabilities – Assets (B) Capital = Fixed Assets – Current Assests (C) Capital = Assets – Liabilities (D) Capital = Assets + Liabilities

Last Answer : Answer: Capital = Assets – Liabilities

Net working capital refers to A. total assets minus fixed assets B. current assets minus current liabilities C. current assets minus inventories D. current

Description : Net working capital refers to A. total assets minus fixed assets B. current assets minus current liabilities C. current assets minus inventories D. current

Last Answer : B. current assets minus current liabilities