Astro Mile & Co$.$ owns vast amounts of corporate bonds. Suppose Astro Mile buys $$500,000$ of TruffleCo bonds at face value on January $2,2024.$ The TruffleCo bonds pay interest at

the annual rate of $3\%$ on June $30$ and December $31$ and mature on December $31,2043.$ Astro Mile intends to hold the investment until maturity.

Read the requirements.

Requirement $1.$ How would the bond investment be classified on Astro Mile's December $31,2024,$ balance sheet?

The TruffleCo bond investment will be classified as a

as of December $31,2024.$