1. If preparing a classified balance sheet an Available for Sale Bond would be reported as follows:

Group of answer choices

In the short term investment section.

In the property, plant and equipment section.

in the long term other asset section

In the long term investment section if management intends to hold longer than one year and in the short term investment section if management intends to hold for one year or less

The company can choose in which section to report.

2.

If preparing a classified balance sheet a Held to Maturity Bond would be reported as follows:

Group of answer choices

In the short term investment section.

In the property, plant and equipment section.

In the long-term other asset section.

In the long-term investment section.

In the long-term investment section unless management does not intend to hold long-term then in the short term investment section.

The company can choose in which section to report.