Which Statement About Long-Term Investments Is Not True

question 5

Multiple Choice

Which statement about long-term investments is not true?

• A)They will be held for more than one year.
• B)They are not currently used in the operation of the business.
• C)They include investments in stock of other companies and land held for future use.
• D)They do not include long-term notes receivable.

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Definitions:

Robinson-Patman Act

A U.S. antitrust law aimed at preventing discrimination in prices between different purchasers of commodities of like grade and quality, promoting fair competition.

Wholesaler Special

A promotion or discount offered exclusively to wholesale customers typically involving bulk purchases.

Apparel Manufacturer

A business entity specialized in the production of clothing items, from everyday wear to fashion apparel.

Clayton Act

A U.S. legislation aimed at increasing economic competition and preventing monopolies by addressing specific practices deemed harmful to competition.