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Long-term investments: Multiple Choice Must be readily convertible to cash. Are expected to be converted into cash within one year. Include only equity securities. Can

Long-term investments:

Multiple Choice

  • Must be readily convertible to cash.

  • Are expected to be converted into cash within one year.

  • Include only equity securities.

  • Can include funds designated for a special purpose, or investments in land not used in the companys operations.

  • Are current assets.

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