Which of the Following Items Should Not Be Included in a Listing

question 98

Multiple Choice

Which of the following items should not be included in a listing of current assets?

• A) Marketable securities
• B) Accounts payable
• C) Accounts receivable
• D) Inventories

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Definitions:

Strict Liability

A legal principle that holds a party responsible for damages or harm caused by their actions or products, without the need to prove negligence or fault.

Cash-Out Combinations

Financial arrangements, often in mergers and acquisitions, where shareholders receive cash instead of shares of the new or acquiring company.

Publicly Held Corporation

A corporation whose shares are publicly traded on a stock exchange, allowing for broad ownership by investors.

Dissenting Shareholders

Shareholders who do not agree with a corporate action and are allowed certain rights, such as selling their shares back to the company under specific conditions.