21. If a trading investment in bonds is sold one month after its value was adjusted at year-end, the investment account is(a)debited for the carrying amount of the bonds at the sale date.(b)credited for the cost of the bonds at the sale date.(c)credited for the carryingamount of the bonds at the sale date.(d)debited for the cost of the bonds at the sale date.

22.Which of the following would notbe reported under "Other Revenues or Gains" on the income statement?(a)Realized gains on trading investments(b)Dividend revenue(c)Interest revenue(d)Unrealized gains on trading investments23.Using the indirect method, which of the following adjustments to convert net incometo net cash provided by operating activities is incorrect?Add to ProfitDeduct from Profit(a)Accounts Receivabledecreaseincrease(b)Prepaid Expensesincreasedecrease(c)Merchandise Inventorydecreaseincrease(d)Accounts Payableincreasedecrease24. Under IFRS, cash receipts from interest and dividends are classified as(a)operating activities.(b)investing activities.(c)either operating or investing activities.(d)either financing or investing activities.