1. Which of the following is not an asset? A. Professional employees; B. Prepayments; C. Plant and machinery; D. Cash at bank; 2. A business that is said to be a going concern is one that: A. Will continue for the foreseeable future. B. May not survive the next year; C. Is considering re-locating overseas; 3. Which of the following is correct? A. Assets - Liabilities - Equity = Dividends + Profit B. Assets = Liabilities - Equity + Profit - Dividends C. Assets + Liabilities - Equity = Profit - Dividends D. Assets - Liabilities = Equity + Profit Dividends