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 positive intent and ability to hold to maturity. Long-term debenture bonds are debt securities and therefore can be classified as held-to-maturity securities. Common stock and callable preferred stock are equity securities and cannot be classified as held-to-maturity securities.

Which of the Following Investment Securities Held by Zoogle Inc