How Are Assets That Are Expected to Be Realized in Cash,sold,or

question 100

Multiple Choice

How are assets that are expected to be realized in cash,sold,or consumed within the normal operating cycle of a business or within one year (if the operating cycle is shorter than one year) reported on a classified balance sheet?

• A)Property,plant,and equipment
• B)Current assets
• C)Intangible assets
• D)Current liabilities

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Definitions:

Pigments

Substances that produce color in materials by absorbing certain wavelengths of light and reflecting others, found in nature in plants, animals, and minerals.

Visible Light

The portion of the electromagnetic spectrum that is visible to the human eye, ranging approximately from 380 to 750 nanometers in wavelength.

Photosynthetic Pigments

Molecules found in plants and other photosynthetic organisms that absorb light energy for use in photosynthesis, including chlorophyll and carotenoids.

Carotenoids

Pigments found in plants and some microorganisms that play a role in photosynthesis and provide color to fruits and vegetables.