Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 16, Problem 16.19MCQ
To determine

Introduction:

Long Term Investments are assets that entities/organizations intend to hold for a period of more than 1 year at least and has purpose of gaining through regular/periodic income on such investments and has no intention of selling it any time soon.

To select: The correct option.

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