Property, Plant & Equipment Refers to Both Tangible and Intangible

question 201

True/False

Property, Plant & Equipment refers to both tangible and intangible assets.

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Definitions:

Rights of Stockholders

Privileges and powers that come with owning shares of stock in a corporation, including voting rights and entitlement to dividends.

Account Receivable

Money owed to a company by its customers for goods or services already delivered but not yet paid for.

Accounting Standards

Guidelines and principles set by governing bodies that dictate how financial transactions are recorded and reported.

FASB

Refers to the Financial Accounting Standards Board, which is the organization responsible for establishing accounting and financial reporting standards in the United States.