Other Descriptive Titles for Fixed Assets Would Include

question 39

Multiple Choice

Other descriptive titles for fixed assets would include

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

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Definitions:

Torts

Civil wrongdoings recognized by law as grounds for a lawsuit, resulting in injury or harm to someone and constituting the basis for a claim by the injured party.

Misrepresent

To provide false or misleading representation of facts, often with the intention to deceive.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, offering services to the public.

Control

The power or authority to direct, manage, oversee or govern individuals, organizations, or systems.