Asked by Neupane Saroj on Jul 04, 2024
Verified
Plants,offices,and equipment are considered:
A) long-term assets.
B) marketable securities.
C) common stock.
D) short-term liabilities.
E) current assets.
Common Stock
Stock whose owners have voting rights in the corporation, yet do not receive preferential treatment regarding dividends.
- Identify and classify types of assets and liabilities in a business context.
Verified Answer
TM
tammy martellJul 10, 2024
Final Answer :
A
Explanation :
Plants, offices, and equipment are considered long-term assets because they are expected to provide economic benefits over a period longer than one year.
Learning Objectives
- Identify and classify types of assets and liabilities in a business context.
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