Long-Term Investments Are Reported in The

question 69

Multiple Choice

Long-term investments are reported in the:

• A) Current asset section of the balance sheet.
• B) Intangible asset section of the balance sheet.
• C) Non-current section of the balance sheet called long-term investments.
• D) Plant assets section of the balance sheet.
• E) Equity section of the balance sheet.

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Definitions:

KBr

Potassium bromide, a chemical compound consisting of potassium (K) and bromine (Br), used mainly in photography and in medication.

AgBr

Silver bromide, a chemical compound used in photographic films and papers.

Lead(II) Nitrate

A white to colorless crystalline chemical compound used in making other lead compounds and some pyrotechnics.

Sodium Chloride

A white crystalline compound known as table salt, widely used in food seasoning and preservation; its chemical formula is NaCl.