Which of the following would be classified as a long-term operational asset?
A)Notes receivable.
B)Treasury stock.
C)Inventory.
D)Goodwill.

Name: Which of the following would be classified as a long-term operational asset? A)Notes receivable. B)Treasury stock. C)Inventory. D)Goodwill.
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Question

Quizplus · Accepted Answer

Goodwill is an intangible long-term operational asset. While notes receivable could be long-term, it is not considered an operational asset. Inventory is a current asset, and treasury stock is not an asset at all.

Which of the Following Would Be Classified as a Long-Term