Which one of the following would be listed as a long-term asset?
A)Cash
B)Supplies
C)Buildings and equipment
D)Prepaid insurance

Name: Which one of the following would be listed as a long-term asset? A)Cash B)Supplies C)Buildings and equipment D)Prepaid insurance
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Question

Quizplus · Accepted Answer

Buildings and equipment are listed as long-term assets because they are expected to last for several years and provide value to the business over a long period of time. Cash, supplies, and prepaid insurance are considered short-term assets.

Which One of the Following Would Be Listed as a Long-Term