Which One of the Following Asset Accounts Is Not a Part

question 172

Multiple Choice

Which one of the following asset accounts is not a part of a firm's working capital?

• A) cash and marketable securities
• B) accounts receivable
• C) inventories
• D) fixed assets

---

Definitions:

Semi-Strong Form

The semi-strong form is a level of market efficiency theory suggesting that asset prices reflect all publicly available information.

Mechanistic Hypothesis

The hypothesis that share prices respond mechanistically to changes in accounting numbers, ignoring the effects of accounting policies.

Capital Markets

Financial markets where long-term debt or equity-backed securities are bought and sold, assisting in raising capital.

Accounting Policies

Unique theories, platforms, systems, edicts, and maneuvers practiced by an organization in the creation and issuance of its financial testimonies.