Tangible assets are fixed assets such as patents

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Which one of these is a correct definition? Tangible assets are fixed assets such as patents. Long-term debt is defined as a residual claim on a firm’s assets. Current assets are assets with short lives, such as inventory. Net working capital equals current assets plus current liabilities. Current liabilities are debts that must be repaid in 18 months or less.

Reference no: EM131185832

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