An Asset That Necessarily Takes a Substantial Period of Time

question 14

Multiple Choice

An asset that necessarily takes a substantial period of time to get ready for its intended use or sale is known as a/an:

• A)non- current asset
• B)qualifying asset
• C)period asset
• D)none of the above

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Definitions:

Cash Flow

The total amount of money being transferred in and out of a business, especially as affecting liquidity.

Assets

Economic resources or owned valuables that an individual, company, or country possesses, which are expected to provide future benefits.

Dividends

A corporation allocates a segment of its profits to its shareholders in the form of payments, distributing its earnings among them.

Millions

A numerical value representing one million units of a given item or currency, often used to describe large quantities or financial figures.