Here is something that is bugging mewhich of the following

Question

Here is something that is bugging me.Which of the following statements regarding the accounting for held-to-maturity securities is incorrect?

1. To classify an investment as held-to-maturity, the company must have either the intent or the ability to hold the security until maturity.
2. If a debt security is purchased at par value, it will be valued and reported at the purchase price until it matures.
3. A held-to-maturity security can be reported as either a current or a non-current liability