Which of the following accounts would be classified as a fixed (property, plant and equipment asset)? Group of answer choices equipment accounts receivable cash accounts payable
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- Which of the following should be disclosed in the Summary ofSignificant Accounting Policies?a. rent expense amount b. maturity dates of long-term debtc. methods of amortizing intangiblesd. composition of plant assetsWhich of the following accounts would be classified as a current asset? Group of answer choices land machinery accounts receivable equipmentDefine current assets. What basis is used for ordering individual items within the current assets section? How do current liabilities differ from long-term liabilities?