Question: Determine whether the statement is true or false. Long Term debt is a non current liability. Noncurrent assets = Property Plant & Equipment + Intangible

Determine whether the statement is true or false.

  1. Long Term debt is a non current liability.

  2. Noncurrent assets = Property Plant & Equipment + Intangible Assets + Other Noncurrent Assets

  3. Property, plant and equipment (PP&E) is a Noncurrent Asset.

  4. Equity is the value that the market places on a companys stock.

  5. Accounts receivable is a current liability.

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