Source Of Assets

What is Source of Asset ?

Daftar Isi

1. What is Source of Asset ?

Answer:

Asset source is a transaction where an asset is generated by the company in exchange for providing a service, loan or credit, and/or equity. Asset use is a transaction when the company uses its asset to pay dividends or liabilities and/or incur expenses.

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2. true or falseassets are the sources that the entity owns

true or false

assets are the sources that the entity ownsAnswer:

true

Step-by-step explanation:

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3. discuss why assets must come from good and legitimate source

Explanation:

Because asset is the best way to show our compassion and makes them feel worth-it. It should be come from good because financial accounting is a good source in creating good business.

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4. Fixed Assets. a.current asset b. non-current asset

Subject Economics

Answer:

The correct answer among the listed choices is letter b. Fixed Assets normally falls under the category of non-current assets since these assets not included in the current assets. Therefore, fixed assets will form part of non-current assets since these are long-term assets and not readily are convertible to cash.

ASSETS

In accounting, assets are any resources with value owned by the business, company, entity or person. These are legally owned by the business or entity. Assets have two categories, these are:

Current AssetsNon-current Assets

1. Current Assets

-these are assets that can be readily convertible to cash in a normal operating cycle of a business. Normal operating cycle is within 1 year.

Some Examples of Current AssetsCash and cash equivalentsAccounts receivableInventoryPrepaid ExpensesMarketable Securities/ Short-term Investments2. Non-current Assets

-these are long-term assets or long-term investments that have a longer useful life that is usually more than 1 year. Not easily convertible to cash.

Some Examples of Non-Current AssetsLandProperty, Plant and EquipmentTrademarksLong-term InvestmentsGoodwillOther Assets

All fixed assets and intangible assets fall under the category of non-current assets.

Further related topics about assets and liabilities https://brainly.ph/question/2444697

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Code: 11.11.3.8.

Answer:

b. non-current asset

Explanation:

In accounting, fixed assets are classified as a non-current asset as it is not wasily convertible to cash or its value is not usable or consumable within just a year or within the normal operating cycle of a business.

To know more about assets, just continue reading.

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Assets

In accounting, assets are the resources that a company owns and has monetary value.

Two types of asset:Current asset - assets that are usable or convertible to cash within a year or operating cycle of a business.Non-current asset - assets that can't be used or converted to cash within a year or operating cycle of a business.

Examples of current asset:Cash and cash equivalentsARSuppliesGoods-on-processInventories

Examples of non-current asset:LandEquipment/MachinesIntangible assets

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5. Received cash from owner as additional investment, P600,000. A. decrease an asset, decrease owner’s equity B. increase an asset, increase a liability C. decrease an asset, decrease a liability D. increase an asset, decrease another asset E. increase an asset, increase owner’s equity

Answer:

Step-by-step explanation:

BC he gave u 600,000 BC for thank u to him

Answer:

E. increase an asset, increase owner’s equity

6. list down at least five example of the following: 1. Assets of the Business 2. Liabilities of the Business 3. Sources of Income 4. Expenses of the Business nonsense answer auto report

Answer:

1.assets of the business

-cash and cash equivalent

-account receivable

-invetory

-PPE (property, plant, and equipment

-envestment

2.liabilities of the business

-Bank debt.

-mortage debt.

-money owend to suppliers

-wages owned

-taxis owend

3.source of income

- tangible assets

- intanggible assets

- capital gains

-dividend

-interest

4. expenses of the business

-certain legal faces

-license and regulatory fees

-wages paid to cotract employees

-equipment rentals

Explanation:

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7. 12. An asset is a resources owned bycompany. Which of the following bestdescribes a type of assets that lack physicalsubstance, but are still classified as assets?A. Current AssetsB. Non-Current AssetsC. Intangible AssetsD. Tangible Assets

Answer:

I think A or C

Explanation:

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Answer:

12. a

step by step explation;

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8. Which mynav module serves as the source for sales and delivery content, assets, and intellectual property across industries?

Answer:

[tex]Answer:

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9. if a current assets are 300,000 and the total assets are 900000 what percentage of total asset are current assets?

Answer:

33%

Explanation:

Current Assets divided by Total Assets

= 300,000/900,000

= 33%

10. a business received 6,000 cash from charge customers to apply on account the effects of the transaction isa. an increase in an asset and a decrease in a liability b. an increase in an assets and decrease in an asset c. an increase in an asset and a decrease in a capital d. an increase in an asset and an increase in capital e. an increase in an asset and an increase in revenue

Answer:

Letter C

Explanation:

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11. Intangible Assets. a.current asset b. non-current asset

Subject Economics

Answer:

The correct answer among the listed choices is letter b. Intangible Assets normally falls under the category of non-current assets since these assets not included in the current assets. Therefore, intangible assets will form part of non-current assets since these are long-term assets and not readily are convertible to cash.