Which of the following items should be classified as long-term operational assets? a. Prepaid insurance b. Coal

Question:

Which of the following items should be classified as long-term operational assets?
a. Prepaid insurance
b. Coal mine
c. Office equipment
d. Accounts receivable
e. Supplies
f. Copyright
g. Delivery van
h. Land used in the business
i. Goodwill
j. Cash
k. Filing cabinet
l. Tax library of accounting firm

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introductory Financial Accounting for Business

ISBN: 978-1260299441

1st edition

Authors: Thomas Edmonds, Christopher Edmonds

Question Posted: