Which statement about long-term investments is not true?
A) They will be held for more than one year.
B) They are not currently used in the operation of the business.
C) They include investments in stock of other companies and land held for future use.
D) They can never include cash accounts.

Question

Quizplus · Accepted Answer

Long-term investments may include cash accounts, such as certificates of deposit, that are intended to be held for more than one year.

Which Statement About Long-Term Investments Is Not True