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-If the resistor opens in Figure 3-1, the following circuit conditions would exist.
Long-term Investments
Assets that a company intends to hold for more than one fiscal year, such as stocks, bonds, or real estate.
Property Plant
Assets of a tangible nature, like buildings and machinery, used in operations and expected to be used over several years.
Equipment Section
Part of a company's balance sheet or financial statements that lists the tangible assets used in operations, like machinery, along with their net book values.
Balance Sheet
A financial statement that provides a snapshot of a company's financial position, showing assets, liabilities, and equity as of a specific date.
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