Question

Identify the accounts below that would be classified as a long-term investment. (Check all that apply)

a. Accounts receivable
b. Franchise
c. Notes receivable due in 3 months
d. Notes receivable due in 2 years
e. Investments in bonds
f. Land held for future expansion
g. Equipment
h. Cash

Answer 1

Franchise, Notes receivable due in 2 years, Investments in bonds, and Land held for future expansion are the accounts that would be classified as long-term investments.

Step-by-step explanation:

The accounts that would be classified as long-term investment are:

• B. Franchise
• D. Notes receivable due in 2 years
• E. Investments in bonds
• F. Land held for future expansion