Under which of the following categories would bonds held as an investment for more than a year appear?
A) Current assets
B) Long-term liabilities
C) Long-term assets
D) Current liabilities

Question

Quizplus · Accepted Answer

Bonds held as an investment for more than a year would appear under the category of long-term assets. This is because they are not expected to be converted into cash within the next year, and instead, will be held onto as an investment for a longer period of time.

Under Which of the Following Categories Would Bonds Held as an Investment