Which of the following is NOT included in the financial assets? A. Cash. B. Investments in securities. C. Inventories. D. Accounts receivable.
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Which of the following is NOT included in the financial assets?
A. Cash.
B. Investments in securities.
C. Inventories.
D. Accounts receivable.
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Solved in 2 steps
- Arrange the following items in current assets according to its liquidity: A . Cash, Inventories, Marketable Securities, Account Receivable. B. Cash, Account Receivable, Inventories, Marketable Securities. C. Cash, Marketable Securities, Account Receivable, Inventories. D. Cash, Account Receivable, Marketable Securities, Inventories.Which of the following items is NOT classified as a financial asset? a. promissory notes b. forward exchange contracts c. inventory d. accounts receivable46) Accounts receivable is ______________ of an organization. a. Current assets b. Current liabilities c. Non-current assets d. Non-current liabilities
- Accounts Receivable will appear on which of the following financial statements?a. Income statementb. Statement of retained earningsc. Balance sheetd. Statement of cash flowsWhich of the following would not form part of quick assets? (A)Receivables (В) Cash (C) Prepaid Expense (D) Marketable SecuritiesUnder which of the following categories would Accounts Receivable appear? A. long−term assets B. current assets C. long−term liabilities D. current liabilities
- The realizable amount of notes receivable is considered. a. Income b. all of the above c. Noncurrent asset d. Current assetCurrent assets in order of liquidity are cash, marketable securities, inventory, and accounts receivable. A) True B) False kOn which financial statement would the ending balance of the account “accounts receivable” be found?a. Income statementb. Statement of retained earningsc. Balance sheetd. Statement of cash flows
- Which of the following is not one of the four basic financial statements?a. The balance sheetb. The audit reportc. The income statementd. The statement of cash flowsExplain how accounts receivable are presented in the financial statements.In financial accounts, how are interfund transactions accounted for?