Free CFE - Law Exam Braindumps (page: 18)

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Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:

  1. Tangible Assets
  2. Intangible Assets
  3. Forced Assets
  4. None of above

Answer(s): B



A tangible asset is one which is:

  1. capable of being perceived
  2. capable of being appraised
  3. Both A & B

Answer(s): C



________________normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.

  1. Supplies
  2. Expenses
  3. Assets
  4. Equity

Answer(s): A



________________are the amounts which are owned to other entities:

  1. Supplies
  2. Expenses
  3. Assets
  4. Liabilities

Answer(s): D






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