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. Equity section of the balance sheet.
E. Plant assets section of the balance sheet.
Answer: C
You might also like to view...
What is true of child care benefits?
A. Child care benefits must include death benefits for it to be considered as a qualified plan. B. Companies that provide child care facilities face liability concerns. C. Child care benefits should be limited to provision of leaves to employees. D. Provision of child care is mandatory under the Family and Medical Leave Act. E. At the highest level of involvement, organizations provide vouchers or discounts for employees to use at existing child care facilities.
Corporations are not allowed to enter into contracts in their own name
Indicate whether the statement is true or false
The Americans with Disabilities Act of 1990 defines persons with disabilities as persons with physical or mental impairments that "substantially limit" one or more everyday activities of the affected individuals
Indicate whether the statement is true or false
When discussing weighing schemes for calculating the weighted average cost of capital, ________
A) market value weights are preferred over book value weights and target weights are preferred over historical weights B) book value weights are preferred over market value weights and target weights are preferred over historical weights C) book value weights are preferred over market value weights and historical weights are preferred over target weights D) market value weights are preferred over book value weights and historical weights are preferred over target weights