Question: 3 4 . A requirement for a security to be classified as held - to - maturity is a . ability to hold the security

34. A requirement for a security to be classified as held-to-maturity is
a. ability to hold the security to maturity.
b. positive intent.
c. the security must be a debt security.
d. All of these are required.
35. Held-to-maturity securities are reported at
a. acquisition cost.
b. acquisition cost plus amortization of a discount.
c. acquisition cost plus interest.
d. fair value.
36. Watt Company purchased \(\$ 300,000\) of bonds for \(\$ 315,000\). If Watt intends to hold the securities to maturity, the entry to record the investment includes
a. a debit to Held-to-Maturity Securities at \(\$ 300,000\).
b. a credit to Premium on Investments of \(\$ 15,000\).
c. a debit to Held-to-Maturity Securities at \(\$ 315,000\).
d. None of these answers are correct.
3 4 . A requirement for a security to be

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