Equity or debt securities held to finance future construction of additional plants should beclassified on a balance sheet as

a. current assets.
b. property, plant, and equipment.
c. intangible assets.
d. long-term investments.

Answer: d. long-term investments.

Business

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What essential element is necessary between broker and principal in a transaction involving real property?

A. The agreement must state the terms under which the broker may collect a commission B. There must be a written contract of employment C. The broker must have the right to accept a deposit D. There must be a safety clause so that the seller cannot avoid a commission by waiting until after the listing period ends before selling the house

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If products or services are perceived as being different in a way that is valued by customers, even if there is no physical differentiation, then product differentiation exists

Indicate whether the statement is true or false

Business