Which category do "Fixed Assets" belong to?

Fixed Assets are categorized as long-term tangible assets because they represent physical items that a business owns and intends to use in its operations over a period longer than one year. These assets typically include property, plant, and equipment, such as machinery, buildings, vehicles, and land. Their long-term nature means they are not intended for immediate sale but are used to generate revenue over multiple accounting periods. This classification reflects their role in supporting the ongoing operations of a business, differentiating them from assets that are quickly converted into cash or obligations that need to be settled in the near term.

In contrast, obligations owed to outside parties, short-term cash equivalents, and current liabilities refer to other financial categories that do not encompass the characteristics of fixed assets, thereby reinforcing the definition and classification of fixed assets as long-term tangible assets.