Match the terms below with the correct definitions.
-Long-lived assets
A)Property and equipment
B)Reversing entries
C)Gross profit
D)Current ratio
E)Working capital
F)Net income or net loss
G)Net sales
H)Income from operations
I)Long-term liabilities
J)Liquidity

Question

Quizplus · Accepted Answer

Long-lived assets refer to assets that are expected to provide economic benefits over a long period, such as property and equipment.

Match the Terms Below with the Correct Definitions