Which of the following is not an acceptable major asset classification?
A) Current assets
B) Long-term investments
C) Property, plant, and equipment
D) Deferred charges

Question

Quizplus · Accepted Answer

Deferred charges are not a recognized major asset classification. The commonly accepted major asset classifications are current assets, long-term investments, property, plant, and equipment, intangible assets, and other assets.

Which of the Following Is Not an Acceptable Major Asset