menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Intermediate Accounting Study Set 5
  4. Exam
    Exam 3: The Balance Sheet and Notes to the Financial Statements
  5. Question
    Which of the Following Is NOT a Long-Term Investment
Solved

Which of the Following Is NOT a Long-Term Investment

Question 53

Question 53

Multiple Choice

Which of the following is NOT a long-term investment?


A) Stock held to exert influence on another company
B) Land held for speculation
C) Trademarks
D) Cash surrender value of life insurance

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q48: Wolfe Co.was incorporated on July 1,2014,with $200,000

Q49: Which of the following would NOT be

Q50: How should a contingent liability be reported

Q51: A general principle of disclosure is that

Q52: Which item describes whether the following accounts

Q54: The disclosure of accounting policies<br>A) may describe

Q55: Volta Electronics Inc.reported the following items on

Q56: The following totals are taken from the

Q57: The following changes in American Corporation's account

Q58: Unearned rent would normally appear on the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines