Question: _____ is an example of a fixed asset. A. A machine B. A prepaid expense C. Land held for investment D. An accrued revenue

_____ is an example of a fixed asset.

A. A machine

B. A prepaid expense

C. Land held for investment

D. An accrued revenue

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

On July 1, 2022, the first day of its 2023 fiscal year, the Town of Bear Creek issued at par $2,000,000 of 2 percent term bonds to renovate a historic wing of its main administrative building. The...

Q:

QUESTION 2 is an example of a fixed asset. a . A machine b . A prepaid expense c . Land held for investment d . An accrued revenue

Q:

_____ is an example of a fixed asset. A. A machine B. A prepaid expense C. Land held for investment D. An accrued revenue

Q:

the correct answer 11) - 11) Recording revenue that is earned, but not yet collected, is an example of: A) An accrued liability transaction. B) An accrued receivable transaction. C) A prepaid expense...

Q:

When a company discards machinery that is fully depreciated, this transaction would be recorded with the following entry a. debit Machinery; credit Accumulated Depreciation b. debit Cash; credit...

Q:

2: 7 marks) Presented below is information for Dafra Company for the 2021. year Dafra Company Balance sheet December 31, 2021 January 1, 2021 Cash Account receivable Inventory Prepaid expense Land...

Q:

Task 2 (10 points). Note: In this question you should assume that the activation function of a perceptron is the step function. More specifically, this function: outputs 0 if the weighted sum of...

Q:

125(2) Q1. After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $430,000 and Allowance for Doubtful Accounts has a balance of $30,000. What...

Q:

1.Which of the following below is NOT an element of internal control? a. risk assesment b. monitoring c. information and communication d. behavior analysis ANSWER:D 2. Which of the following below is...

Q:

The financial statements of the Town of Fordville consist of a statement of cash receipts and a statement of cash disbursements prepared by the town treasurer for each of its three funds: the General...

Q:

TRUE/FALSE 1. A ledger is where the company initially records transactions and selected other events. 2. Nominal (temporary) accounts are revenue, expense, and dividend accounts and are periodically...

Q:

This year Dumbledore is worth $122,941. He now wants to allocate his wealth between the Vanguard S&P 500 ETF (VOO) and a risk-free bond. Suppose he has a mean-variance utility which is defined as...

Q:

Think again about the oral presentation you observed and analyzed in Exercise 14.2. How could the speaker have used nonverbal signals to unethically manipulate the audience's attitudes or actions?

Q:

Swift Corporation, which began business in year 1 , appropriately uses the installment sales method of accounting for its installment sales. The following data were obtained for sales made during...

Q:

a) The force F can be decomposed into components along a and b . The components Ra along a is most nearly. b) The projection of F along b is most nearly. F 5 kN 45 60

Q:

ABC company incurred the following maintainance costs during the past 6 months Table 1 Months Machine hours Cost 1 2200 8560 2 1000 4200 3 1200 5920 6280 4 1600 1300 1900 4020 7020 8400 7 2000 8 2300...

Q:

Which types of analytes give the best response for the following detectors for HPLC, what is the sensitivity and linearity for each of these: 12 points a. ultraviolet (UV) b. electrochemical c....

Q:

3. Answer the questions below based on structures #1 and #2. H3C t-Bu D t-Bu CI CI H3C #1 #2 3.a. Is #1 chiral or achiral? Is #2 chiral or achiral? Briefly explain your answer.

Q:

6. Many solutions are found in the home Some are histed below, with the composition as printed on the label. When no percentage is indicated, components are usually given in order of decreasmg amount...

Q:

A pointer holds a memory address.

Q:

5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

Q:

3. (Constructing a metaphor about something can be done by comparing it to something else by using the word is. For instance, Communication is a bridge between people.

Q:

1. The first party (the sender) may dispute the validity of the interpretation, or 2. He/she can accept the interpretation.