CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

What should an investment in common stock be categorized as on a balance sheet?
A. Long-term investments
B. Either current assets or long-term investments
C. Neither current assets nor long-term investments
Explanation: It depends on whether management's intent is to hold this stock for the long-term or short-term.

User Contributed Comments 2

User Comment
harpalani I thought its treasury stock.
jasonkwk of course no, the word "investment" already give you a clue.
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