Bonds held as investments should not be reported in the intangible assets section of the statement of financial position.

Name: Bonds held as investments should not be reported in the intangible assets section of the statement of financial position.
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Question

Quizplus · Accepted Answer

Bonds held as investments should be reported as financial assets in the non-current assets section of the statement of financial position, not as intangible assets.

Bonds Held as Investments Should Not Be Reported in the Intangible