Which of the following would be considered a long-term asset?
A)Accounts Payable
B)Land
C)Cash
D)Owner's Name, Capital

Name: Which of the following would be considered a long-term asset? A)Accounts Payable B)Land C)Cash D)Owner's Name, Capital
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Land is a long-term asset because it is intended to be held by the company for a long period of time, typically more than one year. Accounts Payable, Cash, and Owner's Name, Capital are not considered long-term assets.

Which of the Following Would Be Considered a Long-Term Asset