People can be assets because of the value they bring to a relationship or organization. a. 34. Increase one asset and decrease another asset. 5 points aduaa7474 Asked 02.27.2020. B Statement of Retained Earnings [C] Balance Sheet. Dividends C. Accounts receivable D. Inventory. b. It helps bring information to the computer by permitting the user to use keys to enter data and navigate the system. A number of other FAFSA assets should not be listed. (TCO A) A real asset is: (Points : 5) Money market fund Inventory T-Bills Municipal bonds 3. asked Sep 5, 2020 in Business by Bridget. Credit card account. A. Textbook solution for Principles of Accounting Volume 1 19th Edition OpenStax Chapter 11 Problem 2MC. Assets are persons or things that can produce value. Log in. A) Cash in the company checking account. Which of the following assets is not generally considered a capital asset? d. Cash. Current Assets. Lesson 10 Internet Safety Quick Check 1. If you need assistance with writing […] Accounts Payable b. Consequently, all the following factors are considered in determining the useful life of an asset – (a) expected usage of the asset. e. Short-term, highly-liquid, marketable securities. 1. IAS 36 seeks to ensure that an entity's assets are not carried at more than their recoverable amount (i.e. A recognized intangible asset is amortized over its useful life Hansen, Inc., purchased a patent at the beginning of Year 1 for $22,100 that was to be amortized over 17 years. Things which are assets have value for the owner because they can be converted into cash. i. Usage is assessed by reference to the asset… Click here👆to get an answer to your question ️ Which of the following is considered while calculating purchase consideration under Net asset method? which of the following is considered an output device? the higher of fair value less costs of disposal and value in use). A. Identifiable assets acquired, liabilities assumed, and non-controlling interests in the acquiree, are recognised separately from goodwill [IFRS 3.10] Measurement principle. Which of the following accounts would be considered a prepaid expense or prepaid asset account? Which of the following statements is true with regard to written down value method of depreciation? Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). 13) Which of the following items is NOT normally considered to be a current asset? Current assets are assets that can be easily converted into cash and cash equivalents (typically within a year). In determining a person's net worth, which of the following is considered an asset? Relevance. If the distribution of returns for an asset has a variance of zero, then covariance of returns between that asset and the returns any other asset must equal zero. 2 Answers. In other words, liquid assets include cash and short-term investments that can be easily converted to cash. We provide you with handpicked material and question banks, time-proven exam strategies, exam analyses and simulated tests to give you a hands-on real-time test experience. Which of the following is not considered an asset? A) Ken owns a personal residence. asked Sep 5, 2020 in Business by Bridget. cash collected from sales during the normal course of business would be an example of which type of business activity. Which of the following would not be considered an asset in a risk analysis? Amy Co. acquired $500 worth of supplies on credit. D) Darren bought a computer to use in his business. IFRS 3 establishes the following principles in relation to the recognition and measurement of items arising in a business combination: Recognition principle. In 2015 I spent $7500 for engineering software - and it comes with a subscription. revenue. We have step-by-step solutions for your textbooks written by Bartleby experts! c. Bonds. Business. 1 5 , 0 0 , 0 0 0 from H Ltd., by issue of shares of R s . Group of answer choices 1.A personal residence 2.Cryptocurrency 3.Apple stock held for investment 4.A computer used in … Join now. 1. B) Cash in the company savings account. (TCO A) A real asset is: (Points : … Accounts payable aren't an asset--it's money that you owe to someone else. Which of the following is not considered to be an intangible asset? Statistics, Finance. The balance sheet of a firm records the monetary value of the assets owned by that firm. Ask your question. It covers money and other valuables belonging to an individual or to a business. Any asset which is easy to sell or convert into cash without any loss in its value is termed to be a liquid asset. 1. Liquid assets are usually seen as the same as cash, as their value remains largely the same when sold. Which of the following is not considered a highly liquid asset? prepaid expense ___is the increase in assets from selling products and services. Which of the following is not considered an asset? C) Currency and coins. 1 0 0 at premium of 2 5 %. Accounts receivable. a. The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_____? A liquid asset is either cash or an asset that can be converted to cash quickly and without affecting its value. Join now. Land (location of the corporation`s office building) $100,000 Land (held for future use) 150,000 Corporate Office Building 600,000 Inventory 200,000 Which of the following journal entries would be recorded? An IT infrastructure C. A proprietary system resource D. Users personal files 10. 33. Which of the following assets is NOT generally considered a capital asset? 1 Answer to 1. Internet Safety. 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