Long-term investments:
A)Are current assets.
B)Can include funds designated for a special purpose,or investments in land not used in the company's operations.
C)Must be readily convertible to cash.
D)Are expected to be converted into cash within one year.
E)Include only equity securities.

Question

Quizplus · Accepted Answer

Long-term investments are those investments that a company expects to hold on to for longer than one year. These investments can be in the form of funds designated for a special purpose or investments in land not used in the company's operations. Long-term investments do not need to be readily convertible to cash and can include both equity and debt securities.

Long-Term Investments