All of the following are items that are classified as fixed assets EXCEPT
A) temporary investments.
B) equipment.
C) reputation.
D) trademarks.
E) corporate "goodwill."

Question

Quizplus · Accepted Answer

Long-term or fixed assets represent a commitment of organizational funds of at least one year. Items classified as fixed include long-term investments, such as plants and equipment, and intangible assets, such as corporate "goodwill,"
or reputation, as well as patents and trademarks.

All of the Following Are Items That Are Classified as Fixed