Match the following terms with the appropriate definition.
-Assets that are held for more than the longer of one year or the operating cycle of the company and are not used in operations.
A)Stockholders' equity
B)Unclassified balance sheet
C)Long-term investments
D)Current liabilities
E)Closing entries
F)Current ratio
G)Plant assets
H)Current assets
I)Intangible assets
J)Classified balance sheet

Question

Quizplus · Accepted Answer

Long-term investments are assets that are held for more than one year or the operating cycle of the company and are not used in operations.

Match the Following Terms with the Appropriate Definition