Response to the following questions:
1. What items are classified as (a) long-term investments, (b) property, plant, and equipment, and (c) intangible assets?
2. What items are classified as (a) long-term liabilities and (b) other liabilities?
3. What is a bond? Give an illustration of how bonds payable would be disclosed on a company's balance sheet.
Make sure you use enough details to support your answer.