Ch16 MultCh - M Multiple Choice Questions 43(p 495 Plants...

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Multiple Choice Questions M 43. (p. 495) Plants, offices, and equipment are considered A. long-term assets. l B. short-term assets. a C. relatively inexpensive items. r D. liabilities. l E. factors. AACSB: Reflective Thinking A Bloom's Taxonomy: Knowledge B Difficulty: Easy D Learning Objective: 3 L 44. (p. 495) The financial arrangements required for investment in fixed assets can be A. quite easily arranged. e B. challenging for even the most profitable organization. c C. trivial. t D. short- term. t E. inexpensive. AACSB: Reflective Thinking A Bloom's Taxonomy: Knowledge B Difficulty: Medium D Learning Objective: 3 L
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45. (p. 495) Of the following, which would not be a fixed asset for the Tops Manufacturing Company? A. A 10,000-square-foot factory A B. Plastic extruding equipment with a 15-year lifespan l C. $10,000 in T-bills $ D. Molds for plastic with lifespan of five years M E. Furniture AACSB: Reflective Thinking A Bloom's Taxonomy: Comprehension B Difficulty: Hard D Learning Objective: 3
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Ch16 MultCh - M Multiple Choice Questions 43(p 495 Plants...

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