Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Questions - Page 73: 3

Answer

Plant, property, and equipment are items that are being used as part of the company's operating activities.

Work Step by Step

Longterm investments are not actively used in the operations of the company but may contribute to profit if they increase in value over time.
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