Which of the Following Are Shown on the Balance Sheet

question 47

Multiple Choice

Which of the following are shown on the balance sheet on a lower of cost or market value basis?

• A)cash
• B)stockholders' equity
• C)marketable securities
• D)fixed assets

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Definitions:

Chattel Mortgage

A loan agreement where personal movable property is used as collateral for the loan, and the borrower retains possession of the property while repaying the loan.

Pledge

A commitment or security interest, especially in the context of a pledge of assets as collateral for a loan.

Deed of Trust

A legal document used in some states that involves a trustor, a trustee, and a lender (beneficiary), outlining the terms of a real estate transaction and placing the property as security for a loan.

Guarantor

A person or entity that agrees to be responsible for another's debt or obligations if the original party fails to meet their commitments.