Question

Long-term investments cannot include: Multiple Choice Held-to-maturity debt securities. Securities with maturity dates within three months....

Long-term investments cannot include: Multiple Choice

Held-to-maturity debt securities.

Securities with maturity dates within three months.

Equity securities giving an investor insignificant influence over an investee.

Equity securities giving an investor significant influence over an investee.

Available-for-sale debt securities.

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Answer #1

Long-term investments cannot include securities with maturity dates within three months because Long-term investments are non-current assets that are not used in operating activities to generate revenues and that are held for more than one year or accounting period and are used to create other income outside of the normal operations of the company

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