Which of the following are classified in long term assets? Goodwill Prepaid Insurance Allowance for Bad...

Which of the following are classified in long term assets?

Goodwill

Prepaid Insurance

Allowance for Bad Debts

Available-for-sale Securities

Solutions

Expert Solution

Option A

Goodwill

Goodwill - Long term, intangible

Prepaid Insurance - Current asset

Allowance for Doubtful Accounts - Contra asset

Available for sale securities - Current asset

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Which of the following would not be classified as a long-term liability?

Which of the following would not be classified as a long-term liability? Mortgage payable Bonds payable Lease liabilities Current maturities of long-term debt

1. The current portion of long-term debt should be classified as a long-term liability not be...

1. The current portion of long-term debt should be classified as a long-term liability not be separated from the long-term portion of debt be paid immediately be reclassified as a current liability 2. Which of the following would most likely be classified as a current liability? two-year notes payable bonds payable mortgage payable unearned rent 3. Allowance for Doubtful Accounts has a debit balance of $1,100 at the end of the year (before adjustment), and an analysis of customers' accounts...

Viking Trivia Company Chart of Account Titles (selected): Assets: Prepaid Rent, Prepaid Advertising. Prepaid Insurance, Office...

Viking Trivia Company Chart of Account Titles (selected): Assets: Prepaid Rent, Prepaid Advertising. Prepaid Insurance, Office Supplies, Inventory, Accumulated Depreciation Liabilities: Interest Payable, Utilities Payable, Commissions Payable, Unearned Rent Revenues: Rent Revenue, Interest Revenue Expenses: Office Supplies Expense, Commissions Expense, Utilities Expense, Insurance Expense, Advertising Expense, Depreciation Expense, Interest Expense, Rent Expense Review the following items and make the necessary adjusting entries using the account titles shown above as of December 31, 2019. If no entry is required, write N/A...

Question 8 Which of the following is true of long-term care insurance? a. The maximum duration...

Question 8 Which of the following is true of long-term care insurance? a. The maximum duration of benefits is only one year. b. There is no waiting period to receive the benefits. c. Most long-term-care insurance policies are non-renewable in nature. d. Many policies offer inflation protection riders for an additional premium. e. Long-term-care policies do not reimburse the insured for the cost of services incurred on a day-to-day basis. Question 9 A bear market condition is associated with: a....

Which of the following is NOT an example of an assest? Unused Supplies Truck Prepaid insurance...

Which of the following is NOT an example of an assest? Unused Supplies Truck Prepaid insurance Common Stock

A firm has $200,000 in current assets, $800,000 in long-term assets and $900,000 in long-term financing....

A firm has $200,000 in current assets, $800,000 in long-term assets and $900,000 in long-term financing. What is its net working capital (CA -CL)? Hint: Prepare a Balance Sheet.

Q1. Which of the following will likely increase the premium of long-term care insurance? Select one:...

Q1. Which of the following will likely increase the premium of long-term care insurance? Select one: a. Choosing to receive benefits for a limited period b. Having a co-insurance provision c. Waiting until you are retired to obtain the insurance d. Having a longer waiting period before the policy goes into effect Question 2 The disadvantage of leasing a vehicle is Select one: a. the consideration of the resale value at the end of the lease. b. there is no...

respond to the following in a minimum of 175 words: focuses on short-term and long-term assets...

respond to the following in a minimum of 175 words: focuses on short-term and long-term assets and cost determination for preparing financial statements, and financial reporting for leases. Discuss the financial statement for the purchase of a building. What items will be included in the financial statement?

Which of the following is the proper adjusting entry, based on a prepaid insurance account balance...

Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $17,192 and unexpired insurance of $2,150, for the fiscal year ending on April 30? a.debit Insurance Expense, $17,192; credit Prepaid Insurance, $17,192 b.debit Insurance Expense, $15,042; credit Prepaid Insurance, $15,042 c.debit Insurance Expense, $2,150; credit Prepaid Insurance, $2,150 d.debit Prepaid Insurance, $15,042; credit Insurance Expense, $15,042

Which of the following is the proper adjusting entry based on a prepaid insurance account balance...

Which of the following is the proper adjusting entry based on a prepaid insurance account balance before adjustment of $12,834 and unexpired insurance of $4,288 for the fiscal year ending on April 30?

Subjects