An Example of an Item Which Is NOT an Element

question 53

Multiple Choice

An example of an item which is NOT an element of working capital is:

• A)Accrued interest on notes receivable.
• B)Organization costs.
• C)Goods in process.
• D)Accounts Payable.

---

Definitions:

Memory

The cognitive process involving the encoding, storing, and retrieving of information experienced or learned.

Encoding Failure

an inability to properly store information into long-term memory, leading to the absence of memory recall.

Recall

The mental process of retrieving information from the past, which can vary in ease depending on several factors like recency and relevance.

Declarative Memories

Memories that can be consciously recalled, such as facts and events, and expressed verbally.