Which of the Following Is a Not Characteristic of Property

question 61

Multiple Choice

Which of the following is a not characteristic of property, plant and equipment (PPE) ?

• A)PPE are tangible items.
• B)PPE benefit more than one year.
• C)PPE are held for use in the ordinary course of business.
• D)PPE have fixed and determinable future cash flows.

---

Definitions:

Legal Risk

The potential for financial losses or other negative consequences resulting from legal actions, non-compliance with laws, or failure to enforce contractual obligations.

Serious Incident

An event or situation that has a significant negative impact on the safety, security, or operation of an organization or community.

Search Firm

A specialized company engaged in the business of recruiting employees for organizations, typically focusing on middle to upper-level positions.

Recruiting

The process of attracting, identifying, and selecting suitable candidates for job vacancies.