FINANCIAL ACCT-CONNECT
FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
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Chapter C, Problem 5DQ
Summary Introduction

Concept Introduction:

Investments are classified into short term investments and long term investments according to the period of holding the investment. A short term investment is held for a period of less than one year. A long term investment is held for a period of more than one year.

To indicate: the conditions to classify an investment as current asset or as long term asset. 

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