Which of the following are major asset categories?
I Other Assets
II Current Assets
III Fixed Assets
IV Goodwill

Question

Quizplus · Accepted Answer

Major asset categories typically include Current Assets, Fixed Assets, Other Assets, and Goodwill. Current Assets are short-term assets expected to be converted into cash within a year. Fixed Assets are long-term assets used in the operation of a business. Other Assets might include long-term investments or assets that don't fit neatly into the current or fixed categories. Goodwill is an intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets.

Which of the Following Are Major Asset Categories