What Are the Types of Assets That Will Be Found

question 116

Multiple Choice

What are the types of assets that will be found on a balance sheet?

• A) short-term, long-term, and medium
• B) land, buildings, and liquid
• C) current, fixed, and intangible
• D) local, national, and international

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Definitions:

Iconic Sensory Memory

The visual component of sensory memory, allowing the mind to retain an image of a visual stimulus for a brief period after the actual stimulus is gone.

Tactile Sensory Memory

The brief retention of sensory information related to touch, part of the sensory memory that allows for the preservation of tactile impressions for a short time after the actual stimulus has ended.

Automatic Encoding

Tendency of certain kinds of information to enter long-term memory with little or no effortful encoding.

Long-term Memory

The phase of memory that is capable of storing information for extended periods of time, ranging from minutes to a lifetime.