Asset Insight: True or False

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Test your asset knowledge.

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zair meggs

Belize

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Asset Insight: True or False


Asset Insight: True or FalseVersion en ligne Test your asset knowledge. par zair meggs 1 Assets are the valuable things a business owns. Yes No 2 The company’s assets include buildings, machines, and cash. Yes No 3 Assets are only cash. Yes No 4 Cash is the most liquid asset a business can have. Yes No 5 Good management of assets helps a business grow. Yes No 6 Computers and furniture are examples of fixed assets. Yes No 7 Liabilities are what a business owes to others. Yes No 8 Current assets include cash, accounts receivable, and inventories. Yes No 9 The market value of assets is always equal to their book value. Yes No 10 Goodwill is a tangible asset. Yes No 11 Assets cannot be used as collateral for loans. Yes No 12 Amortization applies to tangible assets. Yes No 13 Fixed assets are long-term tangible resources used to generate revenue. Yes No 14 An asset is a resource controlled by an entity as a result of past events. Yes No 15 Depreciation allocates the cost of tangible assets over their useful life. Yes No 16 Assets are always funded solely by equity. Yes No 17 Intangible assets include patents, trademarks, and goodwill. Yes No

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Asset Insight: True or False

Oui ou Non

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Asset Insight: True or FalseVersion en ligne

par zair meggs

Assets are the valuable things a business owns.

The company’s assets include buildings, machines, and cash.

Assets are only cash.

Cash is the most liquid asset a business can have.

Good management of assets helps a business grow.

Computers and furniture are examples of fixed assets.

Liabilities are what a business owes to others.

Current assets include cash, accounts receivable, and inventories.

The market value of assets is always equal to their book value.

Goodwill is a tangible asset.

Assets cannot be used as collateral for loans.

Amortization applies to tangible assets.

Fixed assets are long-term tangible resources used to generate revenue.

An asset is a resource controlled by an entity as a result of past events.

Depreciation allocates the cost of tangible assets over their useful life.

Assets are always funded solely by equity.

Intangible assets include patents, trademarks, and goodwill.