Investments in long-term bonds are shown on the balance sheet at their current market value.

Name: Investments in long-term bonds are shown on the balance sheet at their current market value.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

Investments in long-term bonds are shown on the balance sheet at their historic cost, not their current market value. However, any unrealized gains or losses on the investments are reflected in the statement of comprehensive income.

Investments in Long-Term Bonds Are Shown on the Balance Sheet