Which of the Following Is a Current Asset

question 60

Multiple Choice

Which of the following is a current asset?

• A) trade instalment receivables normally collectible in eighteen months
• B) intangible assets
• C) investment in associates (significant influence investments)
• D) cash designated for the purchase of property, plant and equipment

Understand the elements of effective strategic planning and goal setting.

Understand the key behaviors and characteristics of an entrepreneur.

Identify the stages in the innovation process and the start-up process model for small businesses.

Recognize the barriers and challenges faced by small businesses and entrepreneurs in innovation and growth.

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Definitions:

Consolidation Worksheet

A consolidation worksheet is a tool used in the preparation of consolidated financial statements. It helps in the adjustment and elimination of intra-group transactions and balances among the parent and subsidiary companies.

Goodwill

An intangible asset that represents the excess of the purchase price over the fair market value of an acquired company's net assets, attributed to factors like reputation or customer loyalty.

Impairment

A decrease in the recoverable value of an asset below its carrying amount, leading to a write-down and charge against earnings.

Consolidating

The process of combining financial statements from multiple departments or subsidiaries within a company to create a single set of financial statements.