Personal property may have value, but usually cannot be converted into cash quickly. Which of the following would be classified as personal property on the balance sheet? automobiles furniture Old rugs gold coins

(D)Gold Coins

Explanation:

The term Personal property is used to refer to assets owned by an individual other than land or buildings. Personal properties are movable, and so can include such assets as equipment, furniture, home appliances, and vehicles. This type of property can also be intangible items such as assets, stocks and bonds.

Automobiles, Furniture and Old Rugs although are personal properties cannot be easily converted to cash, therefore it is not included on the balance sheet.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

1. avoid them

2. a talk with them

3. ask someone you trust

4. ignore

5. call police