If an Entity Is Fungible, Then Its Individual Units Are

question 70

Multiple Choice

If an entity is fungible, then its individual units are:

• A)of value for a short period of time.
• B)nearly impossible to purchase.
• C)useless without the other units.
• D)interchangeable.

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Definitions:

Current Liabilities

Obligations or debts that a company is expected to pay within one year or within its normal operating cycle, whichever is longer.

Balance Sheet

A summary report detailing a firm's assets, liabilities, and equity of shareholders at a certain time.

Sales Manager

An individual who directs an organization's sales team, oversees its operations, and strives to achieve sales targets through planning and implementing sales strategies.

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis, made by an employer to an employee, especially a professional or white-collar worker.