Which of These Assets, Which Could Be Listed on a Statement

question 67

Multiple Choice

Which of these assets, which could be listed on a statement of financial position, is likely not to translate into future economic benefits?

• A)Large inventories of spare parts.
• B)Accounts receivable that have been outstanding for several months.
• C)Inventory that has been on the shelves for over a year.
• D)All of the above.

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Definitions:

Internet Connectivity

The ability of individuals or organizations to connect to the internet, using various technologies such as broadband or wireless.

Wireless Access Points

Devices that allow wireless devices to connect to a wired network using Wi-Fi or related standards.

Portable Devices

Electronic devices that are small enough to carry with you easily, such as smartphones, tablets, and laptops.

Communication Server

A server that manages all communications between devices on a network, facilitating messaging, email, and other forms of digital communication.