Longterm investments are reported in the A Current asset sec

Long-term investments are reported in the:

A. Current asset section of the balance sheet.

B. Intangible asset section of the balance sheet.

C. Non-current section of the balance sheet called long-term investments.

D. Plant assets section of the balance sheet.

E. Equity section of the balance sheet.

Solution

Long-term investments are reported in the

:Non-current section of the balance sheet called long-term investments.