Multiple Select QuestionSelect all that applyWhat are three examples of long-term (fixed) assets?Multiple select question.Accounts receivableHeavy machineryInventoryAutomobilesProduction facilitiesCash
Question
Multiple Select QuestionSelect all that applyWhat are three examples of long-term (fixed) assets?Multiple select question.Accounts receivableHeavy machineryInventoryAutomobilesProduction facilitiesCash
Solution
The three examples of long-term (fixed) assets from the given options are:
- Heavy machinery
- Automobiles
- Production facilities
These are considered long-term or fixed assets because they are used over a long period of time and are not easily converted into cash. They are used in the operation of a business.
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