Which Line Items on the Balance Sheet Would Be Classified

question 100

Multiple Choice

Which line items on the balance sheet would be classified as long term?

• A)Cash;Supplies;Accounts Payable.
• B)Property,Plant and Equipment;Notes Payable;Other Assets.
• C)Supplies;Property,Plant and Equipment;Notes Payable.
• D)Accounts Receivable;Property,Plant and Equipment;Other Assets

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Definitions:

Units

A basic measure or quantity of a product, service, or resource, often used in manufacturing, inventory, and accounting.

Contribution Margin Ratio

The percentage of each sales dollar that remains after variable costs are subtracted, contributing to fixed costs and profit.

Fixed Monthly Expenses

Costs that do not vary in total within a reasonably short time frame, such as rent, salaries, and insurance premiums, paid on a monthly basis.

Net Operating Income

A measure of a company's profitability, calculated by subtracting operating expenses from operating income.