Under which of the following categories would bonds held as investment for more than a year appear?
A)Current assets
B)Long-term liabilities
C)Long-term assets
D)Current liabilities

Question

Quizplus · Accepted Answer

Bonds held as investment for more than a year would be classified as long-term assets on the balance sheet. Current assets are assets that can be easily converted to cash within a year, while long-term liabilities are debts that are due in more than a year. Current liabilities are debts that are due within a year.

Under Which of the Following Categories Would Bonds Held as Investment