Which Line Items on the Balance Sheet Would Be Classified

question 84

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) Total Assets; Total Liabilities; Other Assets.

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Definitions:

Fish In The Ocean

A term referring to the natural aquatic resources found in oceans, which can include various types of fish and sea life considered as potential food sources or ecological assets.

Private Goods

Goods that are rivalrous and excludable, meaning one person's consumption prevents another's.

Club Goods

Goods that are excludable but non-rival in consumption, meaning they can have restricted access but one person's use does not diminish availability to others.

Prevented

Describes a situation or action that has been stopped or hindered from occurring, often through intervention or precautionary measures.