Woods Corporation purchased $15,000 in bonds which it plans on owning until they're repaid. Woods does not anticipate that it will need to sell the bonds to generate cash. The bonds will be classified as:
A) trading securities.
B) held-to-maturity or available-for-sale.
C) held-to-maturity securities.
D) available-for-sale securities.
Correct Answer:
Verified
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