Question

In: Accounting

Which of the following are classified in long term assets? Goodwill Prepaid Insurance Allowance for Bad...

Which of the following are classified in long term assets?

Goodwill

Prepaid Insurance

Allowance for Bad Debts

Available-for-sale Securities

Solutions

Expert Solution

Option A

Goodwill

Goodwill - Long term, intangible

Prepaid Insurance - Current asset

Allowance for Doubtful Accounts - Contra asset

Available for sale securities - Current asset


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