Which of the following statements in relation to non-current assets is untrue?
A) They are held for sale or consumption.
B) They may be tangible or intangible.
C) May vary in classification according to the nature of the business.
D) They are generally held for generating wealth.
Correct Answer:
Verified
Q16: Identify the intangible asset.
A)Brand name.
B)Loan.
C)Accounts payable.
D)Inventory.
Q17: If liabilities are $45,000 and equity is
Q18: Which of these is not always a
Q19: Which of the following is not necessarily
Q20: Which of these assets, which could be
Q22: What is the effect on the statement
Q23: You are provided with the statement
Q24: What is the effect on the statement
Q25: Calculate the profit for the year if
Q26: Identify the current liability.
A)Wages owing.
B)Loan from B
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