All of the Following Are Real Quantities EXCEPT The

question 62

Multiple Choice

All of the following are real quantities EXCEPT the:

• A) number of new cars produced in one year.
• B) tons of steel shipped to South America.
• C) millions of computer chips shipped to computer makers.
• D) billions of dollars invested in stocks.

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Definitions:

Accounts Receivables

Sums due to a company from its customers for products or services rendered but not yet compensated for.

Investing Activity

Operations concerning the buying and selling of long-term assets and other financial investments that do not qualify as cash equivalents.

Suppliers

Entities or individuals that provide goods or services to another entity or individual, usually in a business-to-business context.

Time Period Assumption

An accounting principle that the life of a business can be divided into discrete time periods, such as months and years, for reporting purposes.