What are operational assets that have physical substance called?
A) Tangible assets.
B) Current assets.
C) Intangible assets.
D) Long-term investments.

Question

Quizplus · Accepted Answer

Operational assets that have physical substance are called tangible assets. These include property, plant, and equipment, inventory, and other fixed assets that can be seen and touched. Current assets refer to assets that can be easily converted into cash within one year, while long-term investments refer to investments that a company plans to hold for more than one year. Intangible assets are non-physical assets such as patents, copyrights, and trademarks.

What Are Operational Assets That Have Physical Substance Called