A company purchased a 2 years security from secondary market on 3rd October 2019 which...
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Accounting
A company purchased a 2 years security from secondary market on 3rd October 2019 which is to be realised on 2nd March 2020. The reporting date of entity is 31st December 2019. Which of the following is correct? a. Bonds are noncurrent liabilities b. Bonds cannot be classified as Cash equivalent c. Bonds can be classified as cash equivalent d. Bonds can be classified as Cash
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