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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

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Solution

The three examples of long-term (fixed) assets from the given options are:

  1. Heavy machinery
  2. Automobiles
  3. 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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