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

Question

Quizplus · Accepted Answer

Bonds held as an investment for less than a year would be classified as current assets, as they are intended to be sold or converted into cash within the next 12 months. Long-term assets are assets held for more than a year, while long-term and current liabilities refer to debts owed by the company, not investments held by the company.

Under Which of the Following Categories Would Bonds Held as an Investment