Multiple Select Question

Select all that apply.

What defines a long$-$term investment? $($Check all that apply.$)$

Long$-$term investments are long$-$term resources that usually lack physical form.

Notes receivable and stock and bond investments are assets that are expected to be held for more than one year.

Long$-$term investments are investments in stocks and bonds when they are expected to be held for more than one year or the operating cycle.

Long$-$term investments are used to produce or sell products and services.

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