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

question 100

Multiple Choice

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

• A) Interest Receivable
• B) Accounts Receivable
• C) Notes Receivable, due in 5 years
• D) Cash Equivalents

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Definitions:

Courageous Person

An individual who displays bravery and willingness to face fear, pain, risk/danger, uncertainty, or intimidation.

Ayn Rand

A 20th-century Russian-American writer and philosopher best known for her philosophy of Objectivism and her novels "Atlas Shrugged" and "The Fountainhead."

Ethical Egoism

The thesis that people ought to act in their own self-interest.

Goldilocks Test

A metaphorical term used to describe a condition, situation, or decision that is 'just right', balancing all considerations optimally; derived from the Goldilocks and the Three Bears fairy tale.