How should Lowe classify the bonds in financial statements

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Reference no: EM131937366

Question: Assume Lowe's purchases some municipal bonds. The bonds mature in 20 years. Thecompany does not want to commit to holding the bonds to maturity. But the companyplans to hold the bonds indefinitely, and does not want annual fluctuations in the value ofthe bonds to distort its annual earnings from store operations. How should Lowe's classify these bonds in its financial statements? Why?

Reference no: EM131937366

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