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

question 113

Multiple Choice

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

• A) Accounts Receivable.
• B) Prepaid Insurance.
• C) Office Equipment.
• D) Inventory.

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Definitions:

Upper Limb

Refers to the human arm, extending from the shoulder to the hand, including all the segments and joints in between.

Elbow

A joint connecting the forearm to the upper arm, allowing for a range of movements including bending and straightening.

Deep

Refers to something extending far down from the surface or top.

Surface

The outermost or topmost boundary of an object or space, which can be perceived or touched.