It is common in accounting to define a 'long-term' view as
A) 1-2 years
B) 2-3 years
C) 2-4 years
D) 3-5 years

Question

Quizplus · Accepted Answer

A 'long-term' view in accounting is usually considered to be three to five years. This allows for a more strategic and forward-thinking approach to financial planning and decision making, as well as accounting for assets and liabilities that may extend beyond the next fiscal year.

It Is Common in Accounting to Define a 'Long-Term' View