Statements regarding accounting for held-to-maturity

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Reference no: EM13761925

Here is something that is bugging me.Which of the following statements regarding the accounting for held-to-maturity securities is incorrect?

To classify an investment as held-to-maturity, the company must have either the intent or the ability to hold the security until maturity.
If a debt security is purchased at par value, it will be valued and reported at the purchase price until it matures.
A held-to-maturity security can be reported as either a current or a non-current liability

Reference no: EM13761925

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