A depreciation expense reflects the use of a non-current asset over time

Select one:

True

False

Which of the following are Investing Activities in a Statement of Cashflows?

Select one:

a. Purchase of Land

b. Repayment of Loan

c. Payment of tax due

d. All of the above

Which of the following are Liabilities?

Select one:

a. Bank overdraft

b. Dividends received

c. Prepayments

d. Interest paid

Which of the following are not Assets?

Select one:

a. Land

b. Machinery

c. Mortgage

d. Accounts Receivable

A benefit of being a sole trader is the following:

Select one:

a. Limited Liability to owners

b. Owner has total autonomy over business decisions

c. Subject to company regulation

d. Ease of investor buy-in