Which one of the following is not a major category for long-term assets?
A)Receivables
B)Property,plant,and equipment
C)Intangibles
D)Investments

Question

Quizplus · Accepted Answer

Receivables are typically classified as current assets rather than long-term assets. Long-term assets are assets that will not be converted to cash or consumed within one year, while receivables are amounts owed to the company that are expected to be collected within one year. Property, plant, and equipment, intangibles, and investments are all major categories of long-term assets.

Which One of the Following Is Not a Major Category