Which of the following represents fixed assets?

Fixed assets are long-term tangible assets that a company uses in its operations to generate income. The primary characteristic of fixed assets is that they are not intended for immediate sale but are used over several accounting periods.

Property, plant, and equipment (often represented as fixed assets on a balance sheet) include buildings, machinery, equipment, and land that a business uses in its operations. These assets are critical for production and operational activities and are depreciated over time based on their useful life, except for land, which typically does not depreciate.

In contrast, cash and cash equivalents, accounts receivable, and inventory are classified as current assets. Cash and cash equivalents are liquid assets that can be quickly converted into cash, while accounts receivable represent money owed to the company by customers for goods or services already delivered. Inventory consists of goods that are ready for sale or will be produced for sale in the near term. Since none of these options are used over the long term in the same way fixed assets are, they don't qualify to be classified under fixed assets like property, plant, and equipment do.