Land used in the company's operations is reported as a long-term investment.

Name: Land used in the company's operations is reported as a long-term investment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Land used in the company's operations is reported as a fixed asset, not a long-term investment. This is because land is a tangible asset that is used to generate revenue for the company. Long-term investments refer to investments made by the company in other businesses or assets that are not part of its core operations.

Land Used in the Company's Operations Is Reported as a Long-Term