Generally, investments are classified in the balance sheet as

Accounting I-investment-tangible-intangible

Quiz
•
Business, Other, Professional Development
•
12th Grade - University
•
Hard
Filiz Yüksel
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Current asset
Non-current asset
either current asset or non-current assets
none of the above
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It encompasses any instrument representing ownership shares and rights, warrants or options to acquire or dispose of ownership shares at a fixed or determinable price.
debt security
equity security
redeemable preference shares
none of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
___________ are financial assets.
Bonds
Machines
Stocks
Bonds&Stocks
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The equity method of accounting for long-term investments in stock should be used when the investor has significant influence over an investee and owns:
(a) between 20% and 50% of the investee’s common
stock.
(b) 20% or more of the investee’s common stock.
(c) more than 50% of the investee’s common stock.
(d) less than 20% of the investee’s common stock.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a tangible asset?
Goodwill
Patent
Franchise
Equipment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is goodwill calculated?
Purchase price + Net Assets
Purchase price - Net Assets
Net Assets + fair value of liabilities
it is not calculated
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