Long-term investments are reported in the:
A)Current asset section of the balance sheet.
B)Intangible asset section of the balance sheet.
C)Noncurrent asset section of the balance sheet.
D)Liability section of the balance sheet.
E)Equity section of the balance sheet.

Question

Quizplus · Accepted Answer

Long-term investments are considered noncurrent assets because they are not expected to be converted into cash within the next year. Therefore, they are reported in the noncurrent asset section of the balance sheet.

Long-Term Investments Are Reported in The