Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 29, 2024

Anything of value that is used or leased by a business for periods longer than one year is considered __________. part of owners equity long-term

Anything of value that is used or leased by a business for periods longer than one year is considered __________.

part of owners equity

long-term or long-lived liability

current liability

long-term long-lived or fixed asset

current asset

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Institutions Management

Authors: Anthony Saunders

1st Edition

0256110565, 9780256110562

More Books

Students also viewed these Finance questions

Question

★★★★★

Bender, Inc., produces industrial blenders for smoothie and health food shops. It has four peak periods, each lasting 2 months, for manufacturing the merchandise suited for spring, summer, fall, and...

Answered: 1 week ago

Question

★★★★★

Describe the basics of assessment including types of assessments (standardized tests, classroom assessments, and measurements, as well as formative, interim, and summative assessments) and explain...

Answered: 1 week ago

Question

★★★★★

Patterson Shirt Company sells on credit and manages its own receivables. Average experience for the past three years has been the following: The owner of Patterson is considering whether to accept...

Answered: 1 week ago

Question

★★★★★

Find the root of an equation f(x)=x-2x-5 between 0 and 4, using Secant method, accurate to 3 decimal places. (10 Marks)

Answered: 1 week ago

Question

★★★★★

A stock analyst wondered whether the mean rate of return of financial, energy, and utility stocks differed over the past 5 years. He obtained a simple random sample of eight companies from each of...

Answered: 1 week ago

Question

★★★★★

Please solve correctly Identify and discuss five roles of a Chief Executive Officer in an organisation, and show how these roles can be applied to ensure good corporate governance (Must not be less...

Answered: 1 week ago

Question

★★★★★

critically evaluate the current industrial relations systems in Kenya (10 marks)

Answered: 1 week ago

Question

★★★★★

A PM DC motor with torque constant kPM is used to power a hydraulic pump: the pump is a positive displacement type and generates a flow proportional to the pump velocity: qp = kpw The fluid travels...

Answered: 1 week ago

Question

★★★★★

Bright Manufacturing provided the following information for the month ended March 31: View the information. Prepare the income statement. Revenue: Cost of Goods Sold: Cost of Goods Sold Gross Profit...

Answered: 1 week ago

Question

★★★★★

6. A U.S. Coast Guard patrole boat leaves Fort Lauderdale at 40 knots (nautical miles per hour) and travels for 5, hours on a course of N 37 E and then changes to a course of N 127 E for 7 hours....

Answered: 1 week ago

Question

★★★★★

. A very sweet pie made from molasses that originated with the Pennsylvania Dutch: a. Mincemeat pie b. Sugar pie c. Shoofly pie d. Lancaster pie

Answered: 1 week ago

Question

★★★★★

9. This traditional Mexican soup is made mostly from tripe, hominy, and chili: a. Tortilla soup b. Tomatillo c. Chorizo soup d. Menudo

Answered: 1 week ago

Question

★★★★★

5. The month of Ramadan, a month of fasting for Muslims, ends with which holiday? a. Eid ul-Fitr b. Allahu Akbar c. Takbir d. Abu Bakr

Answered: 1 week ago

Previous Question Next Question