Long-Term Investments Include Which of the Following

question 63

Multiple Choice

Long-term investments include which of the following?

• A) represent accounts receivable and notes receivable on the balance sheet
• B) shares and bonds that the investor expects to hold for longer than one year
• C) shares and bonds that the investor expects to convert to cash within one year
• D) marketable securities

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Definitions:

Genus

A category of classification in biology ranking above species and below family, or more generally, a class of items that share common characteristics.

Species

A collection of comparable organisms from nature able to partake in the process of interbreeding or gene swapping.

Fallacy of Division

The erroneous assumption that what is true of a whole must also be true of its parts.

Division

The process of dividing or the state of being divided.