Which of the Following Is an Example of an Asset

question 10

Multiple Choice

Which of the following is an example of an asset account?

• A) Payroll Tax Expense
• B) Revenue
• C) Salaries Payable
• D) Cash

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Definitions:

Annual Cash Operating Costs

The total amount of money a business spends on its operations over the course of a year, excluding non-cash expenses.

Simple Rate

The percentage increase or interest rate in a financial calculation, often straightforward or uncomplicated.

Net Present Value

A method used in capital budgeting to analyze the profitability of an investment, calculating the difference between present values of cash inflows and outflows.

Proposed Project

A planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.