ABC buys Microsoft stock and does not intend to sell it over the next $12$ months. On ABC books, this will be shown as

Group of answer choices

current asset

fixed asset

other asset

stockholders' equity

ABC buys Microsoft common stock and does not intend to sell it over the next $12$ months. On Microsoft's books, this will be shown as

Group of answer choices

Long$-$term asset

Long$-$term liability

Common stock

Retained earnings