which of the following is not an asset? course hero

by Markus Prosacco Published 2 years ago Updated 1 year ago 7 min read

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Sep 09, 2015 · a. investments b. cash c. inventory d. owner’s equity ANSWER: D. d . owner ’s equity. The assets and liabilities of the company are $128,000 and $84,000, respectively. Owner’s equity should equal a. $212,000 b. $44,000 c. $128,000 d. $84,000 ANSWER: B. b . $ 44,000. If total liabilities decreased by $46,000 during a period of time and ...

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This preview shows page 72 - 75 out of 99 pages. View full document. See Page 1. 105. Which of the following is NOT an asset? A.CashB. Notes receivable C.Contributed capital D.Land Assets …

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A. is correct. It is not an asset. People cannot be an asset because they are non-controllable by the company. B. is incorrect because it is an intangible asset, which is the right to use the taxi. …

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Nov 20, 2020 · The return on investment is usually expressed as a percentage. You may calculate the return on investment using the formula: ROI = Net Profit / Cost of the investment * 100 If …

Which of the following item is not an asset?

Capital contributed by the owner is a liability for the business and to be shown in balance sheet. Its not an asset.

What are examples of assets?

Examples of Assets

Cash and cash equivalents.
Accounts receivable (AR)
Marketable securities.
Trademarks.
Patents.
Product designs.
Distribution rights.
Buildings.

More items...

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Jan 26, 2021

Which of the following is not an asset a cash b inventory C Investments d owner's equity?

Answer and Explanation: The correct answer is b. owner's equity as explained below. An asset is an item which will provide future benefit to its owner.

Are assets?

An asset is anything of value or a resource of value that can be converted into cash. Individuals, companies, and governments own assets. For a company, an asset might generate revenue, or a company might benefit in some way from owning or using the asset.

What are 5 assets?

Examples of assets include: Cash and cash equivalents. Accounts Receivable.
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Classification of Assets: Physical Existence

Land.
Building.
Machinery.
Equipment.
Cash.
Office supplies.
Inventory.
Marketable securities.

What are the 4 types of assets?

Historically, there have been three primary asset classes, but today financial professionals generally agree that there are four broad classes of assets:

Equities (stocks)
Fixed-income and debt (bonds)
Money market and cash equivalents.
Real estate and tangible assets.

Which of the following is not an asset of the firm?

Explanation: Business assets include money in the bank, equipment, inventory, accounts receivable and other sums that are owed to the company. Hence, a building that has been taken on rent by the business for its use would not be regarded as an assets because company have no ownership of that building .May 4, 2021

Which of the following are assets?

Answer: COMMON STOCK and CASH are assets.Nov 1, 2019

Which of the following is not current asset Mcq?

Land is regarded as a fixed asset or non-current asset in accounting and not a current asset.

Is not liquid asset?

These assets are expected for cash conversion in one year or more. Land, real estate investments, equipment, and machinery are considered types of non-liquid assets because they take time to convert to cash, costs can be incurred to convert them to cash, and they may not convert to cash at all.

What are assets uses?

The right-of-use asset is a lessee's right to use an asset over the life of a lease. The asset is calculated as the initial amount of the lease liability, plus any lease payments made to the lessor before the lease commencement date, plus any initial direct costs incurred, minus any lease incentives received.Feb 15, 2022

What are personal assets?

The cash you have on hand and the total amount of money held in financial accounts, such as savings and checking accounts, are personal assets. Stocks, bonds, mutual funds, IRAs, a 401(k), rare coins, CDs and other investments are other personal assets examples.

What is Course Hero?

And Course Hero is one of the most popular websites when it comes to homework help. With their repository of real assignment questions from real and tangible courses from top colleges and schools, the chances of you stumbling into the exact question you were looking for are pretty high.

How much is Course Hero?

You can get a Course Hero subscription for $39.95/month for a month, $19.95/month for a 3-month subscription (one up-front payment of $59.85), or $9.95/month for a yearly subscription (an up-front payment of $119.40). If you plan on using Course Hero often, a subscription might be the way you want to go. You can also pool some money ...

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You can unblur Course Hero on your iOS or Android device for free by using a tweaked app. Before you get the app, you’ll have to change some settings on your device.