All of the following are current assets except a. Prepaid expenses. b. Accounts payable. c. Inventory. d.
Question:
All of the following are current assets except
a. Prepaid expenses.
b. Accounts payable.
c. Inventory.
d. Accounts receivable.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 28% (7 reviews)
Accounts payable not a current asset Its categorised under cu...View the full answer
Answered By
Christo Sunny
I have been taking classes for professional courses in India for past 3 years. I like to use exploit more opportunities through this site.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Question Posted:
Students also viewed these Business questions
-
All of the following are examples of imputed costs except. The stated interest paid on a bank loan. The use of the firm's internal cash funds to purchase assets. Assets that are considered obsolete...
-
Following are current assets of Solito Enterprises, Inc.: Accounts Receivable Inventory Cash Prepaid Expenses Short-term Investments Required: (a) In what order would you usually nd these...
-
1. Internal service funds are reported: a. With governmental funds on the fund financial statements b. With governmental funds on the government-wide statement of net assets c. With proprietary funds...
-
Define a passive portfolio construction strategy and briefly discuss how reasonable it might be for an investor to pursue a passive strategy. Explain the role of risk aversion in the construction of...
-
Calculate the equilibrium membrane potentials to be expected across a membrane at 37 C, with a NaCl concentration of 0.10 M on the right and 0.01 M on the left, given the following conditions. In...
-
Two alternatives, Alpha and Beta, have the net cash flow (NCF) and salvage value (SV) profiles shown in the table below for their first cycles. Both alternatives can be repeated; however, the cash...
-
Think of the last major purchase you made. Discuss how sociocultural, personal, psychological, situational, and marketing mix influences impacted this purchase.
-
Andrews Company manufactures a line of office chairs. Each chair takes $ 14 of direct materials and uses 1.9 direct labor hours at $ 16 per direct labor hour. The variable overhead rate is $ 1.20 per...
-
Required: Prepare a process costing work sheet. Organic Fertilizer Inc manufactures fertilizer using a three stage composting system which improves the nutrient content in the soils and provide...
-
Suppose that a single-sampling plan with n = 150 and c = 2 is being used for receiving inspection where the supplier ships the product in lots of size N = 3,000. a. Draw the OC curve for this plan....
-
Revenues are a. decreases in liabilities resulting from paying off loans. b. increases in retained earnings resulting from selling products or performing services. c. increases in paid-in capital...
-
The financial statement that reports revenues and expenses is called the a. Income statement. b. Statement of retained earnings. c. Statement of cash flows. d. Balance sheet.
-
For 10 years, you have been a recruiter for a large company that makes shoes. Every time positions become available, you search outside the company for new applicants. Why does the new Human...
-
Describe the quantity discount model and solve typical problems.
-
Discuss the advantages of using PERT and potential sources of error.
-
Describe reorder point models and solve typical problems.
-
Evaluate Formula 2.18 when \(s=1\), and explain the result.
-
Suppose you currently have $2,000 and plan to purchase a 3-year certificate of deposit (CD) that pays 4% interest compounded annually. How much will you have when the CD matures? How would your...
-
Review Conceptual Example 5 as background for this problem. The a decay of uranium 238 92 U produces thorium 234 90 TH (atomic mass = 234.0436 u). In Example 4, the energy released in this decay is...
-
Two mutually exclusive investment alternatives are being considered. Alternative A requires an initial investment of $20,000 in a machine. Annual operating and maintenance costs are anticipated to be...
-
The following pretax amounts were obtained from the financial records of Watson Company for 2012: The company's tax rate is 35 percent.(a) Prepare an income statement for the year ended December 31,...
-
Kennington Company has outstanding debt that contains restrictive covenants limiting dividends to 15 percent of net income from continuing operations. During 2012, the company reported net income...
-
Madigan international is planning a major stock issuance in early 2013. During 2012, the company reported net income from operations of $865,000 before taxes. The four items below describe major...
-
Three paragraphs Cite an example of a work accident you have either experienced or witnessed. Fully describe the incident. What would you have done differently to avoid the occurrence? How do you...
-
1) Ally wishes to leave a provision in her will that $1000 will be paid annually in perpetuity to a local charity. How much must she provide in her will for this perpetuity if the interest rate is...
-
what financial data in this assignment supports the financial decision to reduce equity debt?
Study smarter with the SolutionInn App