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.

---

Definitions:

Thymine

A pyrimidine base found in DNA, pairs with adenine in the DNA structure.

rRNA

Ribosomal RNA, a type of RNA that combines with proteins to form ribosomes, which are essential in the process of protein synthesis in cells.

Ribosome

Organelle of protein synthesis. An intact ribosome consists of two subunits, each composed of rRNA and proteins.

Large Subunit

A component of the ribosome essential for protein synthesis, larger than the other subunit it pairs with, responsible for catalytic functions.