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 do not include long-term notes receivable.

Question

Quizplus · Accepted Answer

Long-term investments can include long-term notes receivable, as they are expected to be held for more than one year and are not currently used in the operation of the business.

Which Statement About Long-Term Investments Is Not True