Long-term assets are also called _____ assets.

A) current
B) floating
C) unsecured
D) fixed
E) junk

Question

Long-term assets are also called _____ assets.A) currentB) floatingC) unsecuredD) fixedE) junk

Morgan Gerber · Accepted Answer

Final Answer : D, Explanation :  Long-term assets are referred to as fixed assets because they are used in the operations of a business and are not expected to be converted to cash within a year. These include property, plant, and equipment among others.

Long-term assets are also called _____ assets.

A) current
B) floating
C) unsecured
D) fixed
E) junk

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Learning Objectives

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