Maintenance Expenses Can Be Though of As

question 2

Multiple Choice

Maintenance expenses can be though of as:

• A)Tangible assets
• B)Intangible assets
• C)Intangible liabilities
• D)Tangible liabilities
• E)None of the above

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Definitions:

Promissory Note

A financial instrument containing a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.

Treasury Bill

A short-term government debt instrument issued at a discount from the face value and pays no interest before maturity.

Simple Interest

The calculation of interest that is based only on the original principal amount and does not include interest on interest.

Market Values

Refers to the current price at which an asset, security, or commodity can be bought or sold in the marketplace.