Asked by Kimmy Mendivel on May 20, 2024
Verified
Long-term investments can include land held for future expansion.
Long-term Investments
Long-term investments are assets that a company intends to hold for more than one fiscal year, including stocks, bonds, real estate, and other securities.
Future Expansion
Planning and preparing for growth in business operations, often involving strategic investments in facilities, technology, or workforce.
- Differentiate between short-term and long-term categorizations of assets and liabilities.
Verified Answer
JT
Jaiden TonelMay 23, 2024
Final Answer :
True
Explanation :
Long-term investments refer to assets that a company intends to hold for a period of more than one year. Land held for future expansion would qualify as a long-term investment as it is not being held for immediate use or sale.
Learning Objectives
- Differentiate between short-term and long-term categorizations of assets and liabilities.
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