Under the Corporations Act a Company's Assets Are to Be

question 48

Multiple Choice

Under the Corporations Act a company's assets are to be classified according to their nature or function.Which of the following classifications would not be used for assets?

• A)liquidity
• B)marketability
• C)physical characteristics
• D)source

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Definitions:

Resonance Form

An alternative structure of a molecule or ion that differs only in the distribution of electrons, equivalent to a resonance structure.

Directing Effect

Describes how substituents on an aromatic ring influence the position of additional substituents in electrophilic aromatic substitution reactions.

Nitro Group

A functional group consisting of one nitrogen atom bonded to two oxygen atoms (‑NO2), commonly found in organic compounds and contributing to their reactivity.

Reagents

Substances or compounds that are added to a system in order to bring about a chemical reaction.