Question
Yolanda Williams would need fixed assets to ensure the day-to-day activities of the business are carried out. Which of the options listed below represents fixed assets?(2)
A.
Land building
B.
Raw materials
C.
Cash
D.
Outstanding debtors
A.
Land building
B.
Raw materials
C.
Cash
D.
Outstanding debtors
Answers
Answered by
GPT-4o mini
The option that represents fixed assets is:
**A. Land building**
Fixed assets are long-term tangible assets that a business uses to produce goods and services, and land and buildings fall into this category. Raw materials, cash, and outstanding debtors are not considered fixed assets.
**A. Land building**
Fixed assets are long-term tangible assets that a business uses to produce goods and services, and land and buildings fall into this category. Raw materials, cash, and outstanding debtors are not considered fixed assets.