Of the Following Items,which Would Be Considered Working Capital as Opposed

question 51

Multiple Choice

Of the following items,which would be considered working capital as opposed to a capital asset?

• A)Disposable parts that aid in installation and are shipped with each sale
• B)A CAD/CAM machine used in the manufacturing process
• C)An addition to the existing building designed to facilitate a new product line
• D)None of the above are working capital assets.

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Definitions:

Endorser's Signature

The signature of the person who endorses a document, often found on checks or financial instruments, indicating their approval or transfer of rights.

Blank Endorsement

A payee’s or last endorsee’s signature on a negotiable instrument.

Payee's Signature

The signature of the individual or entity that is entitled to receive payment on a financial instrument, such as a check or promissory note.

Last Endorsee

The final person or entity to whom a negotiable instrument, such as a cheque, has been legally transferred.