Match each term with the correct statement below.
-assets that are long-term in nature and cannot be converted quickly into cash
A) balance sheet
B) assets
C) current assets
D) fixed assets
E) liabilities
F) current liabilities
G) long-term liabilities
H) owners equity
I) income statement
J) liquidity ratios
K) profitability ratios
L) debt ratios

Question

Quizplus · Accepted Answer

Fixed assets are long-term in nature and are not easily converted into cash, as they include items like buildings, machinery, and equipment.

Match Each Term with the Correct Statement Below