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On March 25, 2005, XYZ, Inc. purchased 10,000, $1,000 government bonds. Where are the bonds ...

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On March 25, 2005, XYZ, Inc. purchased 10,000, $1,000 government bonds. Where are the bonds ...

On March 25, 2005, XYZ, Inc. purchased 10,000, $1,000 government bonds. Where are the bonds classified on the balance sheet if management intends to keep the bonds till they mature on January 15, 2006?
A) Part of long-term investments, as a held to maturity security.
B) Part of current investment in marketable securities, as a trading security.
C) Part of current investments, as a held to maturity security.
D) Part of current investment in marketable securities, as an available-for-sale security.

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ʎddɐɥ Author

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7 years ago

Good timing, thanks!

Lourd Jenkins

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You make an excellent tutor!

Starfiew

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Thanks

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