Which of the Following Should Not Be Considered as a Current

question 17

Multiple Choice

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

• A)Instalment notes receivable due over eighteen 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:

Ideology

is a system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.

Extreme Ideas

Ideas that are far removed from the perceived norm or that challenge mainstream beliefs and values.

Pragmatic

Emphasizing practicality and the consideration of real-world consequences in decision-making or philosophy.

Original Rap Music

The initial or early form of rap music, characterized by its rhythmic lyrical style over beats, originating from the cultural movements of the 1970s in the United States.