Which of the following investment securities held by Zoogle Inc. may be classified as held-to-maturity securities in its balance sheet?

Question

Quizplus · Accepted Answer

Held-to-maturity securities are debt securities that an entity has the positive intent and ability to hold until maturity. Long-term debenture bonds are debt securities that have a maturity date and Zoogle Inc. can hold them until maturity, so they may be classified as held-to-maturity securities. Common stock and callable preferred stock are not debt securities and therefore cannot be classified as held-to-maturity securities.

Which of the Following Investment Securities Held by Zoogle Inc