History Bookmarks Window Help canvashighlineedu D Question

History Bookmarks Window Help ? canvas.highline.edu D Question 7 2 pts Equipment is classified as a short term asset O True O False D Question 8 2 pts gains on asset sales flow through the income statement O True False D Question 9 2 pts The activity based method is the most commonly one used for 12

Solution

Q7) False

Equipment is not short term asset , it is a long term assets popularly known as fixed assets

Q8)True

Q7) False Equipment is not short term asset , it is a long term assets popularly known as fixed assets Q8)True