Connect Access Card for Financial Accounting: Information and Decisions
Connect Access Card for Financial Accounting: Information and Decisions
8th Edition
ISBN: 9781259662966
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter C, Problem 5DQ
Summary Introduction

Concept Introduction:

Investments are classified into short term investments and long term investments according to the period of holding the investment. A short term investment is held for a period of less than one year. A long term investment is held for a period of more than one year.

To indicate: the conditions to classify an investment as current asset or as long term asset. 

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The KEY to Understanding Financial Statements; Author: Accounting Stuff;https://www.youtube.com/watch?v=_F6a0ddbjtI;License: Standard Youtube License