Which of the Following Is Not Considered an Asset

question 170

Multiple Choice

Which of the following is not considered an asset?

• A)Equipment
• B)Dividends
• C)Accounts receivable
• D)Inventory

Understand the consolidation process under the equity method and initial value method.

Identify correct accounting treatments for consolidation adjustments.

Comprehend the treatment of goodwill in consolidation and how goodwill impairment works.

Calculate consolidated net income including understanding the impact of subsidiary earnings and amortizations.

---

Definitions:

Computer Chip

A small electronic component made from silicon that contains integrated circuits used in computers and other devices.

Contracting Disease

Refers to the process of becoming infected with a disease, often used in contexts involving the spread of infectious diseases.

Probability

Probability is a branch of mathematics that deals with the likelihood of events occurring, measured on a scale from 0 (impossible) to 1 (certain).

Expected Number

The statistical mean or average of a random variable, indicating its central or typical value in a probability distribution.