Accounting: Long Term Investments and Assets Quiz

Play an AI-generated podcast conversation about this lesson

What are the resources owned and controlled by the firm or the company?

Equity

Liabilities

Revenues

Assets (correct)

Which of the following is an example of a current asset?

Goodwill

Accounts Receivable (correct)

Property, Plant, and Equipment

Long-term Investments

Which of the following is an example of a non-current asset?

Property, Plant, and Equipment (correct)

Cash

Accounts Receivable

Prepaid Expenses

What are assets that cannot be collected, sold, or used up within one year after the year-end date?

Non-current Assets Signup and view all the answers

Which of the following is an example of a short-term investment?

Mutual Funds Signup and view all the answers

What are assets that can be collected, sold, or used up within one year after the year-end date?

Current Assets Signup and view all the answers

Which of the following is an example of an intangible asset?

Patents Signup and view all the answers

What are long-lived assets that have been acquired for use in operations?

Property, Plant, and Equipment Signup and view all the answers

Which of the following is an example of a current liability?

Accounts Payable Signup and view all the answers

What are advance payments for expenses made by the company?

Prepaid Expenses Signup and view all the answers

Accounting: Long Term Investments and Assets Quiz

Podcast Beta

Questions and Answers

What are the resources owned and controlled by the firm or the company?

Which of the following is an example of a current asset?

Which of the following is an example of a non-current asset?

What are assets that cannot be collected, sold, or used up within one year after the year-end date?

Which of the following is an example of a short-term investment?

What are assets that can be collected, sold, or used up within one year after the year-end date?

Which of the following is an example of an intangible asset?

What are long-lived assets that have been acquired for use in operations?

Which of the following is an example of a current liability?

What are advance payments for expenses made by the company?

More Quizzes Like This

Prepaid Assets and Long-Term Assets Prepai Quiz

Accounting: Long Term Investments and Asset Types

Long-Term Assets: Depreciation Methods

Acc122 Exam1 Review: Long-term Liabilities

Upgrade to continue