In general, what is changing as you read down the left-hand side of a balance sh

Question

In general, what is changing as you read down the left-hand side of a balance sheet? The assets are becoming more fully depreciated. The assets are increasing in value. The assets are increasing in maturity. The assets are becoming less liquid. Which type of income is subject to "double taxation"? Dividends and wages Capital gains Dividends Wages Which of the following items should not be included in a listing of current assets? Marketable securities Accounts payable Accounts receivable Inventories

Explanation / Answer

6) A) The assets are becoming more fully depreciated

7) C) Dividends

8) C) Accounts receivable D) Inventories and A) Marketable Securities (Since easily converted into cash within an year

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