An Example of an Item Which Is Not an Element

question 34

Multiple Choice

An example of an item which is not an element of working capital is

• A) accrued interest on notes receivable.
• B) goodwill.
• C) goods in process.
• D) temporary investments.

---

Definitions:

Role Confusion

A situation in which an adolescent does not seem to know or care what his or her identity is. (Sometimes called identity diffusion or role diffusion.)

Tangible Benefits

Refers to measurable and concrete advantages or gains resulting from an action or investment, such as cost savings or increased revenues.

Salary

A fixed regular payment, typically expressed on an annual basis, made by an employer to an employee, especially a professional or white-collar worker.

Health Insurance

A system of financial protection against medical expenses, where individuals or their employers pay premiums to an insurance company, which then covers eligible health care costs.