21. These are bonds that mature on a single date a. Term bonds. b. Serial bonds. c. Registered bonds. d. Coupon bonds. 22. Debt securities at amortized cost are reported at? a. Cost. b. Carrying value. c. Fair value. d. Fair value less costs of disposal. 23. When debt securities classified at amortized cost are disposed of, the difference between the net proceeds from sale and the carrying value of the bonds is a. Reported in profit or loss. b. Reported in other comprehensive income. c. Reported directly retained earnings. d. Not reported. 24. Accrued interest on bonds purchased between interest payment dates? a. Increases the amount a buyer must pay. b. Decreases the amount a buyer must pay. c. Is recognized as a loss on initial recognition in the buyer's books. d. Is recognized as a gain on disposal in the seller's books. 25. When bonds are held for trading are disposed of, the difference between the net proceeds from sale and the carrying value of the bonds is a. Reported in profit or loss. b. Reported in other comprehensive income. c. Reported directly retained earnings. d. Not reported. 26. The excess of the investor's share of the net fair value of the associate's identifiable net assets over the cost of the investment is a. Included in the determination of the investor's share of the associate's earnings or losses in the period in which the investment is acquired. b. Included in the carrying value of the investment account. c. Amortized over the expected period of having significant influence over the associate. d. Recognized in other comprehensive income. 27. According to the equity method, an investor recognizes its share of earnings in the period in which a. The investee declares dividends. b. The investee pays dividends. c. The investee reports its earnings for the period. d. The investor disposes the investment in its associate