Long-term investments can include all of the following except:
A)notes receivable maturing in nine months.
B)equity securities of another company to be held for more than a year.
C)ten-year debt securities of another company.
D)land to be held beyond one year.

Question

Quizplus · Accepted Answer

Notes receivable maturing in nine months are not considered long-term investments as they have a maturity period of less than a year. Long-term investments are investments that are held for more than a year. Choices B, C, and D are all examples of long-term investments.

Long-Term Investments Can Include All of the Following Except