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Horngren'S Financial And Managerial Accounting
Found in: Page 567

Short Answer

How are held-to-maturity debt investments reported on the financial statements?

Held to maturity debt investments are reported on the asset side on the basis of their maturity period.

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Step by Step Solution

Definition of Financial Statements

The statement reporting all the information related to the financial transactions that occurred during the fiscal year is known as the financial statement.

Held-to-Maturity Debt Investment on Financial Statement

The business entity first determines the maturity period of the debt investment and then classifies it as a current and non-current asset for reporting it on the balance sheet.

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