Examples of fixed assets to a retailer are _____.
A)taxes payable,accounts payable,and mortgage interest due
B)owner's equity,cash on hand,and inventory on hand
C)property,store fixtures,and trucks
D)cash on hand,inventory,and accounts receivable

Question

Quizplus · Accepted Answer

Fixed assets are the long-term tangible assets that a business uses to operate, while taxes payable, accounts payable, and mortgage interest due are liabilities or expenses. Owner's equity, cash on hand, inventory on hand, and accounts receivable are not classified as fixed assets. Property, store fixtures, and trucks are examples of fixed assets that a retailer may own and use to generate revenues.

Examples of Fixed Assets to a Retailer Are _____