Asked by
Adira Whipple
on Oct 16, 2024
Verified
Land used in the company's operations is reported as a long-term investment.
Long-term Investment
Investments held for an extended period, typically exceeding one year, with the intention of achieving higher returns over time.
- Acquire knowledge on the differentiation and accounting practices regarding short-term and long-term investments.
Verified Answer
GP
Learning Objectives
- Acquire knowledge on the differentiation and accounting practices regarding short-term and long-term investments.