Which One of These Accounts Is Classified as a Fixed

question 12

Multiple Choice

Which one of these accounts is classified as a fixed asset on the balance sheet?

• A)Intangible assets
• B)Accounts payable
• C)Preferred stock
• D)Inventory
• E)Accounts receivable

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Definitions:

Brand Awareness

The extent to which consumers are familiar with the distinctive qualities or image of a particular brand.

Brand Equity

The value that a brand adds to a product or service, including the consumer's perception, experiences, and loyalty.

Trademark Office

A government office responsible for registering and protecting trademarks to ensure exclusive rights for brands and businesses.