What are the three types of assets that will typically be found on a balance sheet?
A) Local, national, and international
B) Positive, negative, and neutral
C) Land, buildings, and equipment
D) Current, fixed, and intangible
E) Short term, long term, and medium term

Question

Quizplus · Accepted Answer

These are the three types of assets that are typically found on a balance sheet. Current assets are those that can be easily converted into cash within a year, fixed assets are those that are intended for long-term use (such as buildings and equipment), and intangible assets are those that do not have a physical presence (such as patents or intellectual property). The other answer choices are not relevant to the types of assets typically found on a balance sheet.

What Are the Three Types of Assets That Will Typically