Final answer:
Securities classified as held to maturity can be listed as current or long-term assets based on whether their maturity dates are within one year (current) or beyond one year (long-term) from the balance sheet date.
Step-by-step explanation:
Yes, securities classified as held to maturity could be reported as either current or long-term assets on a classified balance sheet, depending on their maturity dates. In accounting, the classification of an asset as current or long-term is determined by how soon the asset is expected to be liquidated or due. For bonds or other financial securities, if the maturity date is within one year of the balance sheet date, they would be listed as current assets. If the maturity date is longer than one year, they would be considered long-term assets. In the context of a balance sheet, the maturity date refers to the date that a borrower must repay a bond or other form of debt. The categorization into current or non-current (long-term) helps in assessing the liquidity and financial health of an entity.