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:

Technical Jargon

Specialized vocabulary or terminology associated with a particular field or area of expertise.

Mental Shortcuts

Cognitive strategies or simplified processes used to make decisions or judgments quickly, also known as heuristics.

Heuristic Processing

A mental shortcut that allows individuals to make decisions and solve problems quickly and efficiently, based on automatic, intuitive judgments.

Life Stages Hypothesis

A theory suggesting that individuals' preferences, behaviors, and attitudes change as they pass through different stages of their life.