W.8 TA2 Long-Lived Assets2

Quiz
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Professional Development
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Professional Development
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Medium

Amr Riad
Used 2+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main reason for the company's restructuring?
To increase employee salaries
To reduce marketing costs
To expedite production
To expand franchise locations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term 'impairment of long-lived assets' refer to?
Increase in asset value
Acquisition of new assets
Decrease in asset value
Sale of assets
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What strategy did the CEO suggest to regain capital?
Investing in new technology
Closing franchise locations
Hiring more staff
Increasing production rates
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is 'derecognition of Property, Plant, and Equipment'?
Acquiring new equipment
Selling off unprofitable assets
Upgrading existing facilities
Increasing property taxes
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did the CFO plan to check regarding patents?
If they are being copied by competitors
If they are outdated
If they can be sold
If they are still valid
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did the CEO suggest doing with competition?
Collaborating on new products
Selling them some locations
Increasing marketing efforts
Reducing prices
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of drafting disclosure papers?
To recruit new employees
To advertise new products
To inform investors about changes
To increase stock prices
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