Multiple Choice
Consider the following items:
Land
Accounts Receivable
Notes Payable (due in three years)
Accounts Payable
Retained Earnings
Prepaid Rent
Deferred Revenue
Buildings
Notes Payable (due in six months)
Equipment
How many of the items listed above are generally long-term assets?
A) Two.
B) Three.
C) Four.
Correct Answer:
Verified
Correct Answer:
Verified
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