All of the Following Assets Can Be Defined as 'Qualifying

question 9

Multiple Choice

All of the following assets can be defined as 'qualifying assets' except:

• A) manufacturing plants.
• B) inventories purchased ready for sale.
• C) power generation facilities.
• D) investment properties.

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Definitions:

Loan

is a sum of money borrowed that is expected to be paid back with interest.

Receivables

Money owed to a business by its customers for goods or services that have been delivered or sold but not yet paid for.

Unsecured

Refers to a loan or credit that is not backed by collateral, meaning the lender takes on more risk and relies on the borrower's creditworthiness.

Internal Audits

Evaluations conducted by a company's own staff to assess its systems, controls, and operations for efficiency, effectiveness, and compliance.