Which of the following is the equation form of long-term assets?
A) cash + marketable securities + accounts receivable + prepaid expenses + inventory
B) investments + fixed assets − accumulated depreciation + intangible assets
C) notes payable + accounts payable + other items payable + dividends payable + the current portion of long-term debt
D) notes payable + accounts payable + other items payable − dividends payable + the current portion of long-term debt
E) long-term debt + pension fund liabilities + long-term lease obligations

Question

Quizplus · Accepted Answer

Long-term assets typically include investments, fixed assets (such as property, plant, and equipment), intangible assets (such as patents and trademarks), and other long-term assets. The equation form of this would be: investments + fixed assets − accumulated depreciation + intangible assets.

Which of the Following Is the Equation Form of Long-Term