Q: Buffett makes the following statement about long-term investments: Select one: a. They do not tell investors anything about the mind-set of management b. They may include assets that are carried on the books at less than market value c. Businesses who make the most acquisitions are the most successful d. They are included in the current asset section of the balance sheet Q: The asset section of the balance sheet: Select one: a. Provides information on what the company owns on a specific date b. Provides information on what assets the company has bought or sold during the previous year c. Is not important to Buffett's analysis methods d. Include the "hidden" value of internally generated intangible assets Q: Buffett seeks to invest in companies that: Select one: a. Have little or no long-term debt b. Have a lot of long-term debt but no short-term debt c. Agressively borrow on a short-term basis d. Have long-term debt that is nearing maturity