Which of the Following Is Not a Characteristic of Tangible

question 106

Multiple Choice

Which of the following is not a characteristic of tangible long-lived assets?

• A)productive
• B)used for a year or more
• C)not for resale
• D)amortized over their useful life

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Definitions:

Bonds

Fixed income securities that represent a loan from an investor to a borrower, typically corporate or governmental, with terms including the interest rate and repayment date.

Privately Placed Bonds

Bonds that are sold directly to a small group of investors instead of being offered to the general public, often to avoid the costs and regulations of a public offering.

Warrants

Financial derivatives that give the holder the right, but not the obligation, to buy or sell a security at a specified price before a certain date.