Asked by
Zaini Kazmi
on Oct 16, 2024Verified
Long-term investments are reported in the:
A) Current asset section of the balance sheet.
B) Intangible asset section of the balance sheet.
C) Non-current section of the balance sheet called long-term investments.
D) Plant assets section of the balance sheet.
E) Equity section of the balance sheet.
Non-Current Section
A section of the balance sheet that lists long-term liabilities and assets that are not expected to be liquidated or paid off within one year.
Long-Term Investments
Investments in securities, bonds, real estate, or other assets intended to be held for a period exceeding one year for capital gains, dividends, or interest earnings.
Balance Sheet
A summary report of a corporation’s assets, liabilities, and the owners’ equity as recorded at a specific moment in time.
- Provide definitions for and identify differences between investments made for brief periods and those planned for extended terms.
Verified Answer
HB
Learning Objectives
- Provide definitions for and identify differences between investments made for brief periods and those planned for extended terms.