Long-Term Assets Are Also Called What

question 46

Multiple Choice

Long-term assets are also called what?

• A) Current
• B) Lengthy
• C) Comprehensive
• D) Fixed
• E) Relevant

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Definitions:

Specific Assets

Specific assets are identifiable and tangible assets like machinery, land, or buildings that a company owns and utilizes in its operations.

Board Of Directors

A group of individuals elected by the shareholders of a corporation to oversee and make decisions on behalf of the corporation.

Contractual Interest Rate

The agreed-upon rate of interest in a loan or bond contract, which determines the amount of interest the borrower will pay to the lender.

Total Face Value

The nominal or principal amount indicated on financial securities, such as bonds and some currencies, at issuance.