Classify each of the investments in assets as either permanent or temporary (explain): a. A seasonal increase

Question:

Classify each of the investments in assets as either permanent or temporary (explain):
a. A seasonal increase in a card shop’s inventory of Valentine cards.
b. The acquisition of a new forklift truck that is expected to have a useful life of five years.
c. An increase in resulting from an expansion in the firm’s customer base.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...