A Means of Exchanging Assets,which May or May Not Include

question 11

Multiple Choice

A means of exchanging assets,which may or may not include a specified location and in which the seller may or may not own the assets being sold is called,

• A)An organized exchange
• B)An options market
• C)A market
• D)None of the above

---

Definitions:

Subsidiary Company

A company that is completely or partly owned and wholly controlled by another company, referred to as the parent company.

Inventory

An accounting term for goods and materials held by a company in stock with the intention of selling them or transforming them in the production process.

Consolidated Cost

The combined cost of an asset that includes the purchase price and all costs necessary to prepare the asset for its intended use, within a group of consolidated companies.

Cost Method

An accounting method used for investments, where the investment is recorded at cost and adjusted only for dividends received.