Assets That Are Not Expected to Provide Benefits for a Number

question 83

Multiple Choice

Assets that are not expected to provide benefits for a number of accounting periods are called:

• A)current assets.
• B)fixed assets.
• C)long-term assets.
• D)property,plant,and equipment.

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Definitions:

Debt Ratio

A financial metric comparing the total debt of a company to its total assets, indicating the proportion of a company's assets that are financed by debt.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded in the books, representing liabilities that a company owes.