Which of the Following Assets Would Considered an Other Asset

question 14

Multiple Choice

Which of the following assets would considered an other asset?

• A) Land
• B) Machinery
• C) Contingency funds
• D) Goodwill

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Definitions:

Profit Margins

A financial metric used to assess a company's financial health by revealing the proportion of money left over from revenues after accounting for the cost of goods sold.

Income From Operations

refers to the earnings generated from the normal business activities of a company, excluding any income derived from investments or incidental sources.

Investment Centers

Division within a company that is treated as a separate unit for measuring its financial performance, often responsible for its revenues, expenses, and investments.

Profit Centers

Segments or departments within a company that are responsible for generating revenue and are evaluated on their profitability.