Assets That Are Expected to Provide Economic Benefits for Periods

question 48

Multiple Choice

Assets that are expected to provide economic benefits for periods of time greater than one year are called:

• A)accounts receivable.
• B)short-term investments.
• C)capital assets.
• D)cash and cash equivalent assets.

---

Definitions:

Coveted Internship

A highly sought-after temporary position, often in a prestigious organization or field, that offers valuable experience and networking opportunities.

Public Office

A position of authority or service in the government, elected or appointed, which involves fulfilling certain duties to the public.

Manifest Function

The recognized and intended consequences of any social pattern, contributing to societal equilibrium.

Accreditation

The process by which an institution or program is recognized as meeting certain predetermined standards.