Which of the following is a fixed asset?
A) land
B) accounts payable
C) accruals
D) notes payable

Name: Which of the following is a fixed asset? A) land B) accounts payable C) accruals D) notes payable
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Question

Quizplus · Accepted Answer

Land is a fixed asset as it is a tangible and long-term asset that is owned by the company and used in its operations. Accounts payable, accruals, and notes payable are liabilities and therefore not fixed assets.

Which of the Following Is a Fixed Asset