Which of the Following Should Not Be Considered as a Current

question 59

Multiple Choice

Which of the following should not be considered as a current asset in the balance sheet?

• A) The cash surrender value of a life insurance policy carried by a corporation, the beneficiary, on its president.
• B) Marketable securities purchased with cash as a short-term investment.
• C) Instalment notes receivable due within 12 months in accordance with normal trade practice.
• D) Prepaid taxes which cover assessments of the following operating cycle of the business.

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Definitions:

E-commerce

The exchange of goods and services through the internet.

E-business

The conduct of business processes on the internet, including buying and selling goods, servicing customers, and collaborating with partners.

Broader Concept

A general or wide-ranging idea or notion that encompasses numerous specific examples or instances.

Porter's Five Forces

A framework for analyzing a company's competitive environment and identifying the strengths and weaknesses of its current competitive position.