All of the following except which would be considered appropriate collateral for a long-term loan?
A) land.
B) equipment.
C) buildings.
D) inventory.
E) machinery.

Question

Quizplus · Accepted Answer

Inventory is not typically considered appropriate collateral for a long-term loan as it is considered a short-term asset that is meant to be sold or used in the near future. Land, buildings, equipment, and machinery are all long-term assets that can be used as collateral for a long-term loan.

All of the Following Except Which Would Be Considered Appropriate