A. Capital
B. Funds
C. Assets
D. Liabilities
Related Mcqs:
- The profit derived from a project or business enterprise without consideration of obligations to financial contributors and claims of others based on profit is known as _____________________?
A. Yield
B. Economic return
C. Earning value
D. Gain - What do you call a one-time credit against taxes ?
A. Due credit
B. Tax credit
C. Credible credit
D. Revenue credit - What refers to the value of an asset which a disinterested third party, different from the buyer and seller, will determine in order to establish a price acceptable to both parties ?
A. Book value
B. Market value
C. Fair value
D. Franchise value - What is the increase in the money value of a capital asset is called?
A. Profit
B. Capital gain
C. Capital expenditure
D. Capital stock - What is the reduction in the money value of capital asset is called ?
A. Capital expenditure
B. Capital loss
C. Loss
D. Deficit - The unrecovered depreciation which results due to poor estimates as to the life of the equipment is called _____________________?
A. Sunk cost
B. Economic life
C. In-place value
D. Annuity - The difference between the present and future worth of money at some time in the future is called __________________?
A. Discount
B. Deduction
C. Inflation
D. Depletion - ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method ?
A. 7 eyars
B. 8 years
C. 9 years
D. 10 years - What refers to the interest rate at which the present work of the cash flow on a project is zero of the interest earned by an investment ?
A. Economic return
B. Yield
C. Rate of return
D. Return of investment - The ability to convert assets to cash quickly is known as ________________?
A. Solvency
B. Liquidity
C. Leverage
D. Insolvency
