Multiple Choice Question

Current assets are:

difficult to convert to cash or other monetary assets

property, plant and equipment that are tangible and depreciated

cash and other resources that are expected to be sold, collected or used within one year.

equipment and other assets that have a life greater than one year

Multiple Select Question

Select all that apply

Identify the accounts below that would be classified as intangible assets on a classified balance sheet. $($Check all that apply.$)$

Investments $($in stocks of other companies$)$

Land

Accounts receivable

Goodwill

Patent

Copyrights

Trademark

Franchise

Prepaid rent