Which of the following would be considered a non-current asset?
A) Land
B) Inventory
C) Prepaid insurance
D) Accounts receivable
Correct Answer:
Verified
Q45: Drawings is a permanent account.
Q46: A list of the accounts and their
Q47: Buildings,land and equipment would be classified as:
A)non-current
Q48: The post-closing trial balance lists the accounts
Q51: Which of the following is NOT a
Q52: As part of the closing process,revenues and
Q54: The last step in the closing process
Q74: Capital is a permanent account.
Q85: The post-closing trial balance shows the updated
Q95: The post-closing trial balance is an optional
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