Which of the following does not describe Property, plant and equipment? a Acquired for the purpose of generating revenue b. Acquired for use on a continuing basis c. Held for use in the production or supply of goods or services d. Intended for sale a Which of the following would not be a reason for a revision to the depreciation calculation? a. A change in residual value b. An addition to the asset C. Routine repairs to the asset d. A change in useful life Which of the following is not included in the cash and cash equivalents category? a. Prepaid rent b. Petty Cash c. Short-term investments d. Cash Which of the following does not describe a bond issued at a premium? a. The Premium account has a credit balance b. The Premium reduces interest expense over its terms C. The Premium on Bonds is a contra account deducted from Bonds Payable d. A premium occurs when proceeds received exceed its face value Which government body do companies remit all taxes to? a. Revenue Canada b. Receiver General for Canada c. Canada Revenue Agency d. Ministry of Taxes