Securities that firms expect to hold for more than one year from the date of the balance sheet appear in investments in securities, classified as a current asset on the balance sheet.

Question

Quizplus · Accepted Answer

Securities that firms expect to hold for more than one year from the date of the balance sheet appear in investments in securities, classified as a long-term asset on the balance sheet, not as a current asset.

Securities That Firms Expect to Hold for More Than One