Which of the Following Accounts Does Not Belong on the Asset

question 31

Multiple Choice

Which of the following accounts does not belong on the asset side of a balance sheet?

• A) accounts receivable
• B) marketable securities
• C) cash
• D) common stock

Identify the competencies and outcomes as outlined in the skills model.

Apply Katz's model to identify required leadership skills at different management levels.

Recognize the importance of technical, problem-solving, and social judgment skills in leadership effectiveness.

Distinguish among cognitive abilities, specifically between general and crystallized cognitive abilities, in leadership.

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Definitions:

Bonds

Debt securities issued by entities such as corporations or governments to raise funds, promising to repay the principal along with interest at a specific date.

Interest Revenue

Interest Revenue is income earned from investments in various debt instruments, including savings accounts, bonds, and loans, where others pay interest to the entity holding those assets.

Long-Term Investments

Investments held by a company for more than one year with the intention of yielding financial returns, such as stocks, bonds, or real estate.

Marketable Stocks

Shares that are easily bought or sold in the market due to their high liquidity and the presence of numerous buyers and sellers.