Which of the Following Is Not Classified Properly as a Current

question 118

Multiple Choice

Which of the following is not classified properly as a current asset?

• A) Supplies
• B) Debt investments
• C) A fund to be used to purchase a building within the next year
• D) A receivable from the sale of an asset to be collected in two years

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Definitions:

Content Validity

The extent to which a test measures all aspects of the concept or construct it intends to assess.

Construct Validity

The extent to which an assessment accurately measures what it is supposed to measure.

Criterion Validity

The extent to which a measure is related to an outcome. It assesses whether a test reflects a certain set of abilities by correlating test results with a criterion measure.

Face Validity

The extent to which a test appears to measure what it is supposed to measure at face value.