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Hi, in chapter 3 (presentation of financial statements), I did not understand the difference between the long-term investments and the short-term investments (they sounded exactly the same). Would it be possible if you explain it in a briefer way please?
Hi,
Short-term are where we are holding the asset investment for trading purposes or held for less than 12 months. If it is to be held for longer than 12 months then it won’t be being traded so would be in non-current assets.
Thanks
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