Which of the Following Should Not Be Considered as a Current

question 33

Multiple Choice

Which of the following should not be considered as a current asset in the balance sheet?

• A)Installment notes receivable due over 18 months in accordance with normal trade practice.
• B)Prepaid taxes which cover assessments of the following operating cycle of the business.
• C)Equity or debt securities purchased with cash available for current operations.
• D)The cash surrender value of a life insurance policy carried by a corporation, the beneficiary, on its president.

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Definitions:

Unconscious

Refers to mental processes and content actively not present in one's immediate awareness, often influencing behaviors and perceptions.

Social Judgment

The process of evaluating and forming impressions about other individuals or groups, often influenced by societal norms and personal beliefs.

Self-Concept

An individual's self-perception formed through experience and interpretation of one's own actions and how others perceive them.

Schema

A cognitive framework or concept that helps organize and interpret information, influencing perception and understanding.