Which One of the Following Is Not a Major Category

question 67

Multiple Choice

Which one of the following is not a major category for long-term assets?

• A)Intangibles
• B)Property, plant, and equipment
• C)Receivables
• D)Goodwill

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Definitions:

Detailed Income Statement

A comprehensive financial statement that summarizes a company’s revenues, expenses, and profits/losses over a specific period.

Business Activities

Economic actions undertaken by a company, ranging from operational to financial transactions.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in a net income or loss.

U.S. Adults

Individuals who are legally considered adults in the United States, typically age 18 and over, encompassing diverse demographics and backgrounds.