37. Which of the following statements is not true regarding long-term assets that do not fit clearly into the investments, property, plant, and equipment, or intangible assets categories?

A. Each of the assets in this category must be reported in its own descriptive category.

B. These assets are commonly made up of long-term operating leases and long-term deferred changes.

C. They can be reported in the balance sheet in their own descriptive category or simply in a catchall other category.

D. These assets are commonly made up of long-term operating leases and long-term prepaid expenses.

49. Which of the following would most likely appear under the heading of Other Long-Term Assets in the balance sheet?

A. Goodwill from the acquisition of another company.

B. equipment used in primary operations.

C. Long-Term operating leases used in primary operations

D. Significant investment in equity securities of another company.

90. Lack of Long-term solvency refers to:

A. Risk of nonpayment of both current and long-term liabilities

B. the length of time before long-term debt becomes due.

C. The ability to refinance long-term debt when it becomes due.

D. Long-term assets.