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    Intermediate Accounting Study Set 6
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    Exam 4: The Balance Sheet and the Statement of Changes in Stockholders Equity
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    Which Is Classified as a Long-Term Investment
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Which Is Classified as a Long-Term Investment

Question 72

Question 72

Multiple Choice

Which is classified as a long-term investment?


A) bond issue costs
B) cash surrender value of life insurance
C) capital lease
D) three-year prepaid insurance policy

Correct Answer:

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