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

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The cash surrender value of an insurance policy is considered a long-term investment because it represents a financial asset that the corporation owns and expects to hold for more than one year. It is not classified as cash or a prepaid expense since it is not immediately available for use and does not represent a payment for a future expense. Furthermore, it is not normally classified as a marketable security since the corporation is not actively buying and selling it as an investment.

The Cash Surrender Value of the Insurance Policy on the Corporation's