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 a company has the ability and intent to hold until maturity. Therefore, only choice A, which refers to debt securities, can be classified as held-to-maturity securities. Equity securities, such as common stock, are not held-to-maturity securities as their value may fluctuate and they do not have a fixed maturity date.

Which of the Following Investment Securities Held by Zoogle Inc