Consider the following items:
land
accounts receivable
notes payable (due in three years)
accounts payable
retained earnings
prepaid rent
unearned revenue
buildings
notes payable (due in six months)
equipment
how many of the items listed above are generally long-term assets?

Long-term assets are assets with a duration of more than one year. From the list the parties classified as long-term assets are three:

- Land

- Buildings

-Equipment

The rest of the games are classified as:

Accounts receivable (short-term assets)

Notes payable (due in three years) (Long-term liabilities)

Accounts payable (Short-term liabilities)

Retained Revenue (Equity)

Prepaid rental (Short-term assets)

Unearned Renvenue (Short-term liabilities)

Notes payable (due in six months) (Short Term Liabilities)

answer; /// that is so (false);

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