What are the types of assets that will be found on a balance sheet?
A) short-term, long-term, and medium
B) land, buildings, and liquid
C) current, fixed, and intangible
D) local, national, and international

Question

Quizplus · Accepted Answer

The types of assets that will be found on a balance sheet are current assets (short-term), fixed assets (long-term), and intangible assets (medium-term). Land, buildings, and liquid are specific examples of current and fixed assets, but they do not encompass all types of assets that would be listed on a balance sheet. Local, national, and international are not relevant to the types of assets on a balance sheet.

What Are the Types of Assets That Will Be Found