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A. Carrying amount of investment in associate/joint venture B. Investment in preference shares C. Unsecured, long-term receivable or loans

A) Balance sheet assets
B) Income statement items
C) Cash flow statement components
D) Shareholders' equity

1 Answer

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Final answer:

Investment in an associate/joint venture, investment in preference shares, and unsecured, long-term receivables or loans are all considered balance sheet assets.

Step-by-step explanation:

Investment in an associate or joint venture is the carrying amount of an investment in another company in which the investing company has significant influence. This is considered a balance sheet asset because it represents the value of the investment that the company owns.

Investment in preference shares refers to an investment in shares that have specified rights and preferences over ordinary shares. This is also a balance sheet asset because it represents the ownership interest in the company.

Unsecured, long-term receivables or loans are financial assets that are expected to be received over a long period of time and do not have any collateral. These are classified as balance sheet assets because they represent the amount owed to the company.

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