Question

intelligent industries recently purchased a $50,000, 10% 12-month bond. from intelligent’s point of view, this bond would be considered a

Answer 1

from Intelligent’s point of view, this bond would be considered a current asset, because it represents a resource that can easily be converted to cash within one year.

A bond is a debt instrument. A bondholder is entitled to regular predetermined interest rate payments and at the end of the bond's tenure, the bondholder would receive the amount invested.

Current assets are assets that are expected to be sold, used, or exhausted through standard business operations with one year.

Examples of current asset are:

• cash
• cash equivalents
• accounts receivable
• stock inventory
• marketable securities
• pre-paid liabilities

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