Dan Wants to Make Sure He Puts His Company's Assets

question 12

Multiple Choice

Dan wants to make sure he puts his company's assets in the correct categories.Which of the following is an example of a current asset?

• A)Land
• B)Inventories
• C)Equipment
• D)Buildings

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Definitions:

Transformation Process

The series of actions and operations that convert inputs into outputs, creating products or services in an organization.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Technology

The application of scientific knowledge for practical purposes, particularly in industry, through inventions, machinery, and software.

Remanufacturing

The process of restoring used products to a like-new condition through disassembly, cleaning, repairing, and replacing parts as necessary.