Which of the Following Is NOT a Characteristic of an Item

question 32

Multiple Choice

Which of the following is NOT a characteristic of an item of property,plant and equipment?

• A)The asset has physical form.
• B)The asset is available for sale to customers in the ordinary course of business.
• C)The asset is used in the production of income for the business.
• D)The asset has future usefulness and value.

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Definitions:

Effective Annual Rate

The interest rate on an investment or loan that reflects the actual annual rate of interest, accounting for compounding over a given period.

Semi-Annual Interest Payments

Interest disbursements made twice a year on a loan or bond.

Coupon

The interest payment a bondholder receives from the bond's issuer at the coupon's interval.