Which statement about long-term investments is not true? a. They will be organized for more than one year. B. They room not at this time used in the operation of the business. C. They encompass investments in share of other companies and land organized for future use. D. They deserve to never incorporate cash accounts.

You are watching: Which statement about long-term investments is not true?


Land held for future usage will be reported in the ____________ section of a share balance sheet. A. Irreversible assets. B. Long-term investments. C. Property, Plant and Equipment. D. Present assets..

Description : Land hosted for future usage will be reported in the ____________ section of a classified balance sheet. A. Permanent assets. B. Permanent investments. C. Property, Plant and Equipment. D. Present assets..

Last prize : b. Irreversible investments.


A current asset is a. The critical asset purchased by a business. B. An asset i m sorry is at this time being used to create a product or service. C. Usually discovered as a separate classification in the income statement. D. One asset that a company expects to transform to cash or use up in ~ one year.

Description : A present asset is a. The critical asset purchase by a business. B. An asset i beg your pardon is right now being offered to produce a product or service. C. Usually discovered as a separate group in the revenue statement. D. One asset the a company expects to transform to cash or use up in ~ one year.

Last prize : d. An asset that a company expects to convert to cash or use up within one year.


Current legal responsibility a. Are duties that the agency is to pay within the forthcoming year. B. Are listed in the balance sheet in stimulate of their intended maturity. C. Are provided in the balance sheet, beginning with account payable. D. Must not encompass long-term debt the is supposed to be payment within the following year.

Description : present liabilities a. Are duties that the firm is to pay within the forthcoming year. B. Are detailed in the balance paper in stimulate of their expected maturity. C. Are listed in the balance sheet, ... . D. Must not incorporate long-term debt that is supposed to be paid within the next year.

Last answer : a. Are responsibilities that the company is to pay within the forthcoming year. B. Are listed in the balance paper in order of their expected maturity.


The most necessary information required to determine if companies deserve to pay their present obligations is the a. Net income for this year. B. Projected net revenue for next year. C. Relationship between current assets and current liabilities. D. Relationship between short-term and also long-term liabilities.

Description : The most important information needed to recognize if companies deserve to pay their current obligations is the a. Net revenue for this year. B. Projected net revenue for following year. C. ... In between current assets and current liabilities. D. Relationship between short-term and also long-term liabilities.

Last price : c. Relationship in between current assets and also current liabilities.


The entrance to record the receipt of payment within the discount duration on a sale of $750 with regards to 2/10, n/30 will incorporate a credit to a. Sales Discounts for $15. B. Cash because that $735. C. Accounts Receivable for $750. D. Sales for $750.

See more: At&Amp;T Center San Antonio Parking, At&T Official Site


Description : The entrance to document the receipt that payment in ~ the discount duration on a revenue of $750 with regards to 2/10, n/30 will include a credit transaction to a. Sales Discounts because that $15. B. Cash for $735. C. Accounts Receivable because that $750. D. Sales for $750.