Which of the Following Is Not a Fixed Asset

question 6

Multiple Choice

Which of the following is not a fixed asset?

• A) Machinery and equipment
• B) Inventories
• C) Building
• D) Land

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Definitions:

Suppliers

Entities that provide goods or services to another entity, typically a company, under terms outlined in a contract or agreement.

Salaries Payable

An account that records the amounts owed to employees for work performed but not yet paid.

Salary Expense

Salary expense is the cost incurred by a business to compensate its employees, including wages, salaries, and other forms of compensation.

Cash Paid

The total amount of cash disbursed by a company for various purposes, including operating expenses, investing activities, and financing activities.