When the maturity date of a held-to-maturity debt investment is within one year of the balance sheet date,the investment is reported as a current asset.

Question

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According to generally accepted accounting principles (GAAP), held-to-maturity debt investments with a maturity date within one year of the balance sheet date are classified as current assets and reported at their amortized cost.

When the Maturity Date of a Held-To-Maturity Debt Investment Is