Which of the Following Are Examples of Goods

question 23

Multiple Choice

Which of the following are examples of goods?

• A)Consumer goods
• B)Farm products
• C)Documents of title
• D)Consumer goods,farm products,and documents of title
• E)Consumer goods and farm products,but not documents of title

---

Definitions:

Long-Term Commitment

A pledge or engagement to something for an extended period, often seen in investments or strategic plans.

International Accounting Standards

A set of accounting standards stating how particular types of transactions and other events should be reported in financial statements, established by the International Accounting Standards Board.

IAS 17

An International Accounting Standard that prescribes the accounting policies and disclosures applicable to leases for both lessees and lessors.

Capitalized Lease

A lease treated as an asset purchase for accounting purposes, with the asset being capitalized on the balance sheet.