Which of the following is NOT a long-term asset?
A) Equipment
B) Land
C) Buildings
D) Accounts receivable

Question

Quizplus · Accepted Answer

Accounts receivable is a short-term asset as it represents the amount of money owed to a company by its customers for goods or services that have been delivered but not yet paid for. Long-term assets are those that are expected to provide economic benefits to a company for more than one year, such as equipment, land, and buildings.

Which of the Following Is NOT a Long-Term Asset