Chapter 15, Problem 1QS

Which of the following statements are true of long-term investments?

__ a.    They can be considered cash equivalents.

__ b.    They can include assets not used in operations, such as investments in land.

__ c.    They generally include investments that will mature in 3 to 12 months.

__ d.    They are reported with noncurrent assets on the balance sheet.

__ e.    They are always easily sold and therefore qualify as being marketable.

__ f.    They can include bonds and stocks not intended to be sold in the near future.