The cash surrender value of the insurance policy on the corporation's president would be presented on the balance sheet as

A) cash
B) marketable securities
C) long-term investment
D) prepaid expense

Cash Surrender Value

The amount of cash that an insurance policyholder can receive upon cancelling the policy before its maturity or an insured event occurs.

Insurance Policy

A contract between an insurance policyholder and an insurer, outlining the claims which the insurer is legally required to pay in exchange for an initial payment, known as a premium.

Long-Term Investment

An investment strategy or vehicle designed to hold or grow funds over an extended period, usually several years or longer.