Which of the following would be considered a long-term asset?
A) Accounts receivable
B) Land
C) Inventory
D) Prepaid insurance

Name: Which of the following would be considered a long-term asset? A) Accounts receivable B) Land C) Inventory D) Prepaid insurance
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Question

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Land is considered a long-term asset, as it is not expected to be sold or used up within a year, unlike accounts receivable, inventory, and prepaid insurance.

Which of the Following Would Be Considered a Long-Term Asset