Which of the Following Is NOT an Asset

question 22

Multiple Choice

Which of the following is NOT an asset?

• A) accounts payable
• B) inventory
• C) land
• D) work in progress.

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Definitions:

Caldera

A caldera is a large depression formed when a volcano erupts and collapses, following the emptying of the magma chamber below the volcano.

Weathered

The breakdown of rocks, soils, and minerals through contact with the Earth's atmosphere, water, and biological organisms.

Diamonds

Diamonds are a form of carbon arranged in a crystal structure, known to be the hardest natural material, widely used in jewelry and industrial applications.

Pegmatite Crystals

Exceptionally large crystals that form within pegmatite rock, a very coarse-grained igneous rock, often found in cavities that allow for their unobstructed development.