Anna Is Using a Software Application to Prepare the Statement

question 13

Multiple Choice

Anna is using a software application to prepare the statement of financial position.She wasn't sure which of the following should be included in the non-current asset category.What would you tell her?

• A)Land
• B)Copyrights
• C)Contingency funds
• D)Goodwill

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Definitions:

Financial Ratios

Quantitative measures that are used to gauge the financial health of a business by evaluating its performance and financial condition.

External Benchmarking

The process of comparing an organization's performance, processes, or products against those of leading companies in the same or a different industry to identify best practices.

Financial Targets

Specified goals related to the financial performance of an organization, such as revenue, profits, or return on investment.

Sales Revenues

The total amount of money generated from the sale of goods or services before any expenses are subtracted.