Which of the Following Is an Example of an Intangible
Which of the following is an example of an intangible asset for a manufacturer of padlocks?
A) a patent on a titanium lock mechanism
B) money owed to the company by a superstore chain
C) a machine for forming the locks out of sheet metal
D) a warehouse for storing locks
What are amounts owed to the company by customers who bought goods and services on credit?
A) notes payable
B) owners' equity
C) marketable receivables
D) accounts receivable
Fixed assets are property and buildings that a company expects to use for more than which of the following periods of time?
A) one month
B) six months
C) one year
D) two years
Which of the following is an example of a fixed asset for a manufacturer of road building equipment?
A) patents held on a new type of asphalt
B) shipping area for finished goods and receiving area for component parts
C) computer cartridges
D) cans of yellow paint for painting equipment