UEH 62

Cash and cash items are classified as current assets.

• True

• False

Accounts receivable is considered a non-current asset.

• True

• False

Prepaid insurance is included under prepaid expenses, a current asset.

• True

• False

Marketable securities are part of non-current liabilities.

• True

• False

Inventories are considered a current asset.

• True

• False

Investments are classified as current liabilities.

• True

• False

Property, plant, and equipment are considered fixed assets under non-current assets.

• True

• False

Accumulated depreciation increases the value of property, plant, and equipment.

• True

• False

Goodwill, patents, and trademarks are examples of intangible assets.

• True

• False

Amortization of intangible assets increases their value.

• True

• False