Which Statement Is Characteristic of Operating Assets

question 141

Multiple Choice

Which statement is characteristic of operating assets?

• A) Operating assets have no physical properties.
• B) A company's operating assets are important to its short-term liquidity.
• C) Operating assets are used over two or more periods to generate revenues.
• D) All operating assets are reported on the income statement.

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Definitions:

Unconscious Motivation

The influence of unseen or unrecognized desires and drives on an individual's behavior or thoughts.

Rational Thought

Rational thought involves the logical, reasoned, and systematic processing of information to make decisions and solve problems.

Genetically Bound

Characteristics or traits that are inherited from parents through genes.

Oedipus Complex

A psychological theory that suggests a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.