Long-term investments include all of the following except
A) sinking funds.
B) cash surrender value of life insurance policies.
C) a building held for rental activity.
D) bonds payable.

Question

Quizplus · Accepted Answer

Long-term investments typically include assets that a company intends to hold for more than one year, such as sinking funds, cash surrender value of life insurance policies, and buildings held for rental activity. Bonds payable, however, are a form of long-term debt, not an investment, and thus do not fall under the category of long-term investments.

Long-Term Investments Include All of the Following Except