Which Statement Is True Concerning Operating Assets

question 91

Multiple Choice

Which statement is true concerning operating assets?

• A)Operating assets have no physical properties.
• B)A company's operating assets are important to its short-term liquidity.
• C)Operating assets are used over two or more periods to generate revenues.
• D)All operating assets are reported on the income statement

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Definitions:

Brown Lung

A lung disease caused by inhaling dust from cotton, flax, or hemp processing; also known as byssinosis, it's prevalent in textile workers.

Textile Mills

are facilities equipped with machinery for the production of yarns, fabrics, and other textile products from natural or synthetic fibers.

Nonfarm And Nonfamily Businesses

Entities engaged in commercial, industrial, or professional activities that are not primarily agricultural and are not owned or operated by family members.

Children Under 15

A demographic group defined by individuals who are 14 years old or younger.