Equity or debt securities held to finance future construction of additional plants should be classified on a balance sheet as
A)current assets.
B)property, plant, and equipment.
C)intangible assets.
D)long-term investments.

Question

Quizplus · Accepted Answer

Equity or debt securities held to finance future construction of additional plants indicate long-term investments, as they are not intended for sale in the near future but to be used for a future construction project.

Equity or Debt Securities Held to Finance Future Construction of Additional