Determine whether the statement is true or false.

1. Long Term debt is a non current liability.

2. Noncurrent assets = Property Plant & Equipment + Intangible Assets + Other Noncurrent Assets

3. Property, plant and equipment (PP&E) is a Noncurrent Asset.

4. Equity is the value that the market places on a companys stock.

5. Accounts receivable is a current liability.