Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter C, Problem 1QS
To determine

Short Term Investment:

Short term investment is the investment for short period generally for one year. The company invests in short term investment to fulfill the financial needs of the company. Short term investment shows under the current asset head of the balance sheet.

Long Term Investment:

Long term investment is the investment for long period generally for more than one year. The long term investment helps in the purchase of fixed assets, expansion, or for growth of the company. It shows under assets head of the balance sheet.

To identify: The given statement is true or not.

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