Which of the following is/are true about held-to-maturity securities?
I. They are mostly non-current assets.
II. They are reported at fair market value.
III. Income on these securities is included in operating income.
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A. B. C. D.C
Marketable securities classified as "Held-to-maturity" are financial securities purchased with the intent (and ability) to hold until maturity. They are therefore categorized as non-current assets in all periods except the one in which they are about to mature. They are reported on the balance sheet at theamortized historical cost and income on the securities, including amortization of premium or discount, is part of the operating income.