Which of the following would be considered a long-term asset?
A)Accounts Payable
B)Land
C)Cash
D)Common Stock

Name: Which of the following would be considered a long-term asset? A)Accounts Payable B)Land C)Cash D)Common Stock
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

Land is considered a long-term asset as it is expected to provide benefits to the company for more than one year. Accounts Payable (A) is a liability, not an asset. Cash (C) is a current asset, not a long-term asset. Common Stock (D) is considered equity, not an asset.

Which of the Following Would Be Considered a Long-Term Asset