Which of the Following Would Be Considered a Long-Term Asset

question 120

Multiple Choice

Which of the following would be considered a long-term asset?

• A) Accounts receivable
• B) Land
• C) Inventory
• D) Prepaid insurance

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Definitions:

Modus Tollens

A form of logical argument where the consequent is negated, leading to the negation of the antecedent.

Antecedent

A thing or event that exists or comes before another in time or logically precedes it.

Analogy

A cognitive process of comparing two things based on their similarity in some respects, often used to explain concepts or ideas.

Comprehending

The cognitive process of understanding or making sense of texts, symbols, or situations.