Asked by Grace Ferreira on Jul 02, 2024
Verified
Long-term investments are usually held as an investment of cash for use in current operations.
Long-term Investments
Assets held for more than one year, including stocks, bonds, real estate, and other financial investments.
Current Operations
Activities related to the primary business objectives that generate revenue within the current fiscal period.
- Comprehend the classification and accounting treatment of short-term and long-term investments.
Verified Answer
MK
Mallory Kreidler6 days ago
Final Answer :
False
Explanation :
Long-term investments are usually held as an investment of cash for future growth or expansion, not for use in current operations.
Learning Objectives
- Comprehend the classification and accounting treatment of short-term and long-term investments.
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