All of the following account titles are found in the computerized accounting system of GTV Company.Identify the account that would be a long-term asset.
A)cash
B)accounts receivable
C)building
D)inventory

Question

Quizplus · Accepted Answer

Building is a long-term asset as it is expected to provide economic benefit for more than one year. Cash, accounts receivable, and inventory are all current assets.

All of the Following Account Titles Are Found in the Computerized