Ordinary Assets Quiz
3 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is an ordinary asset?

  • Merchandise inventory on which the capital of the business is invested (correct)
  • Shares of stock in a private corporation held as investment
  • Land and building used as residence
  • Private car for sale by the owner

    • Which of the following is not an ordinary asset?

  • Land and building used as residence (correct)
  • Merchandise inventory on which the capital of the business is invested
  • Shares of stock in a private corporation held as investment
  • Private car for sale by the owner

    • Which of the following assets is considered an investment?

  • Shares of stock in a private corporation held as investment (correct)
  • Merchandise inventory on which the capital of the business is invested
  • Land and building used as residence
  • Private car for sale by the owner

    • More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser