Which are examples of fixed assets to a retailer?
A) cash, inventory on hand, and accounts receivable
B) buildings, store fixtures, and real-estate
C) accounts receivable, sales tax receipts before required payments, and fixtures
D) inventory on order, fixtures, and accounts receivable

Question

Quizplus · Accepted Answer

Fixed assets are long-term tangible assets that are used in the operation of a business and are not intended for resale. Buildings, store fixtures, and real estate are all typical examples of fixed assets for a retailer, as they are necessary for the operation of the business and are usually held for an extended period of time. Cash, inventory on hand, accounts receivable, accounts receivable, sales tax receipts before required payments, inventory on order, and fixtures are not considered fixed assets.

Which Are Examples of Fixed Assets to a Retailer