Which of These Assets That Could Be Listed on a Balance

question 44

Multiple Choice

Which of these assets that could be listed on a balance sheet is likely not to translate into future economic benefits?

• A) large inventories of spare parts
• B) inventory that has been on the shelves for over a year
• C) debtors that have been outstanding for several months
• D) all of the above

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Definitions:

Redness

A condition characterized by the reddening of the skin or other body parts, often indicating inflammation or irritation.

Contusion

A closed wound, or bruise.

Abrasion

A superficial wound caused by scraping or rubbing the skin against a rough surface, resulting in the removal of the upper skin layers.

Laceration

A jagged, open wound in the skin that can extend down into the underlying tissue.