5. Cutter owns ED percent of the common stock of Fowler Company. Cuhrer also purchases some of Fowter's bonds directlyr from Fowler and holds the bonds as a long-term investment. How is the acquisition of the bonds treated for consolidated reporting purposes? {Points : 1] As a retirement of bonds. As an increase in the Bonds Payable account on Fowler's books. Everything related to the bonds is eliminated in the consolidation wcmsheel, and nothing related to the bonds appears in the consolidated nancial statements. As an increase in noncurrent assets