Question

Included in ivanhoe company's december 31, 2025, trial balance are the following accounts: prepaid rent $6,160, debt investments (to be held to maturity until 2028) $66,600, unearned fees $20,300, land (held for investment) $40,200, and notes receivable (long-term) $61.700. Prepare the long-term investments section of the balance sheet. (Enter account name only and do not provide the descriptive information provided in the question.)

Answer 1

To prepare the long-term investments section of Ivanhoe Company's balance sheet, we include 'Debt Investments' at $66,600, 'Land (Held for Investment)' at $40,200, and 'Notes Receivable (Long-term)' at $61,700, while excluding 'Prepaid Rent' and 'Unearned Fees' as they are not long-term investments.

Step-by-step explanation:

Long-Term Investments Section of the Balance Sheet

To prepare the long-term investments section of Ivanhoe Company's balance sheet, we will include all investment-related accounts that represent investments not expected to be liquidated within the next year. According to the trial balance data given for December 31, 2025, the following items should be included:

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• Debt Investments: $66,600
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• Land (Held for Investment): $40,200
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• Notes Receivable (Long-term): $61,700