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- Since AssetID is a number identifying assets in a fixed asset ledger, it would be considered to be __________. categorical data. numerical data. ordinal data. ratio datac. Distinguish between financial assets and real assets for each of the following characteristics. i. Divisibility ii. Marketability iii. Holding period iv. Information availabilityHow would accounts payable be reflected in an REA diagram? Why?
- c. Distinguish between financial assets and real assets for each of the followingcharacteristics. i. Divisibility ii. Marketability iii. Holding period iv. Information availabilityWhich of the following is not an asset account?a. Cashb. Landc. Equipmentd. Common StockWhich account amount is the most important (larger) in the assets side and in the liabilities side of the balance sheet? What do you think about that?
- It is referred to as: Distinguishing current and non-current items on the balance sheet and providing a subtotal for current assets and liabilities. B. a balance sheet that is unclassifi edWhich of the following items is NOT classified as a financial asset? a. promissory notes b. forward exchange contracts c. inventory d. accounts receivablea) Distinguish between financial assets and real assets for each of the following characteristics.i) Divisibilityii) Marketabilityiii) Holding periodiv) Information availability
- Consider the following graph. According to CAPM, which of the following assets is overpriced? Assets A and B Assets D and E Assets E and B Assets D and FUnder which of the following categories would Accounts Receivable appear? A. long−term assets B. current assets C. long−term liabilities D. current liabilitiesAll of the following items are classified as accounting assumptions and coventions except for a. going concern b. timeliness c. monetary unit d. entity