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Assets Are Usually Classified in One of Following Ways

Question 53

Matching

Assets are usually classified in one of following ways:

Premises:
__________ prepaid insurance
__________ goodwill
__________ patent
__________ furniture and fixtures
__________ trademark
__________ merchandise inventory
__________ cash
__________ land
__________ work-in-process inventory
__________ marketable equity securities
Responses:
property, plant, and equipment
current assets
intangible asset

Correct Answer:

__________ prepaid insurance
__________ goodwill
__________ patent
__________ furniture and fixtures
__________ trademark
__________ merchandise inventory
__________ cash
__________ land
__________ work-in-process inventory
__________ marketable equity securities
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