Which of the Following Are Noncurrent Assets

question 56

Multiple Choice

Which of the following are noncurrent assets?

• A) Machinery and equipment
• B) Accounts receivable
• C) Inventories
• D) Unearned revenues

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Definitions:

Performance Measurement

The process of evaluating the efficiency and effectiveness of actions or operations within an organization.

Valuation

The process of determining the current worth of an asset or a company.

Capital Costs

Expenses incurred to create or acquire a fixed asset, such as buildings and equipment, that are not charged to expense in the period purchased but are depreciated over their useful life.

Asset Management Ratios

measures of how efficiently a company utilizes its assets to generate sales or revenue.