Which of the Following Is Not a Characteristic of Tangible

question 71

Multiple Choice

Which of the following is not a characteristic of tangible long-lived assets?

• A)Productive
• B)Used over one or more years
• C)Not intended for resale
• D)Amortized over their useful lives

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them ownership interests in the company.

Quorum

A quorum is the minimum number of members required to be present at a meeting to legally conduct business and make binding decisions.

Par-Value

The face value of a bond or stock as stated by the issuing company, which might differ from its market value.

Stock Certificate

A document that serves as a stockholder’s proof of ownership in a corporation.