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    Intermediate Accounting Reporting and Analysis
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    Exam 4: The Balance Sheet and the Statement of Shareholders 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 48

Question 48

Multiple Choice

Which is classified as a long-term investment?


A) bond premium
B) cash surrender value of life insurance
C) operating lease
D) three-year prepaid rental

Correct Answer:

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