Which of the Following Would Be Classified as a Long-Term

question 56

Multiple Choice

Which of the following would be classified as a long-term operational asset?

• A)Notes receivable
• B)Trademark
• C)Inventory
• D)Accounts receivable

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Definitions:

Computers

Electronic devices that can store, retrieve, and process data, used for a wide range of personal and professional applications.

Animal Brains

The study of the brains of various animals to understand their structure, functioning, and evolution.

Logical Principle

Fundamental concepts that underlie logical reasoning, often used as the basis for drawing conclusions or making decisions.

Classification

The logical principle that things can be organized into groups (or categories or classes) according to some characteristic that they have in common.