+1835 731 5494 Email: instantessays65@gmail.com

What is the order in which assets are generally listed

$12.99

What is the order in which assets are generally listed 1. What is the order in which assets are generally listed on a classified statement of financial position? a. Current and long-term. b. Intangible assets; long-term investments; property, plant, and equipment; current. c. Long-term investments; property, plant, and equipment; intangible assets; current d. Intangible assets; property, plant, and equipment; long-term investments; current. 2. These are selected account balances on December 31, 2011. 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 Equipment 450,000 Office Furniture 100,000 Accumulated Depreciation 300,000 What is the total amount of property, plant, and equipment that will appear on the statement of financial position? a. $1,300,000 b. $1,100,000 c. $1,600,000 d. $950,000 3. The following selected account balances appear on the December 31, 2011 statement of financial position of Chen Co. Land (location of the corporation’s office building) $150,000 Land (held for future use) 225,000 Corporate Office Building 900,000 Inventory 300,000 Equipment 675,000 Office Furniture 150,000 Accumulated Depreciation 450,000 What is the total amount of property, plant, and equipment that will be reported on the statement of financial position? a. $1,950,000 b. $1,650,000 c. $2,400,000 d. $1,425,000 4. Which classification of assets will appear first in the Statement of Financial Position? a. Current Assets. b. Long-term investments. c. Property,Plant and Equipment. d. Intangible Assets. 5. Which classification of assets will appear last in the Statement of Financial Position? a. Intangible Assets. b. Current Assets. c. Long-term investments. d. Property,Plant and Equipment. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Reviews

There are no reviews yet.

Be the first to review “What is the order in which assets are generally listed”

Your email address will not be published. Required fields are marked *