ek $6$ Assignment $-$ Chapters $10$ &

Question $2,$ EF$10-10($s$)$millar to$)$

Part $1$ of $3$

Points: $0$ of $1$

Remote Down & Co$.$ owns vast amounts of corporate bonds. Suppose Remote Down buys $$800,000$ of TruffleCo bonds at face value on January $2,2024.$ The TruffleCo bonds pay interest at the annual rate of $8\%$ on June $30$ and December $31$ and mature on December $31,2033.$ Remote Down intends to hold the investment until maturity.

Read the requirements.

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

The TruffleCo bond investment will be classified as a $$ as of December $31,2024.$