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:

Lawrence Kohlberg

An American psychologist best known for his theory of stages of moral development, which explains the development of moral reasoning.

Geometry Class

A course of study that involves the exploration and understanding of shapes, sizes, properties of space, and the relationships between different geometrical figures.

Hypothetically

Refers to a situation or statement based on or involving a hypothesis or supposition rather than hard facts.

Formal Operational Stage

The fourth stage in Jean Piaget’s theory of cognitive development, typically beginning around age 11, marked by the ability to think abstractly and reason logically.