Which One of the Following Is Not a Major Category

question 140

Multiple Choice

Which one of the following is not a major category for long-term assets?

• A)intangibles
• B)property, plant, and equipment
• C)inventory
• D)long-term investments

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Definitions:

Cash Dividend

The disbursement of cash from a company's earnings to its shareholders, a decision made by the board of directors for a specific class of its investors.

Voting Common Stock

A class of stock that grants the shareholder voting rights in a corporation's decisions, typically one vote per share owned.

Market Price

The present rate at which a product or service can be purchased or sold.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee's net income or loss.