7.

attached question 6 for help on the 7th one

7. Suppose the bonds in question 6 were purchased with the intention of classifying them as available for sale. The statement of income and expenses for 2021 will reflect, with respect to these bonds: a. Only the interest income generated by the bonds during the year. b. The interest income generated by the bonds plus $ 50,000. c. Only $ 50,000 d. It cannot be determined from the information provided. 8. Suppose that the bonds in question 6 were bought with the intention of selling them in the short term. The statement of income and expenses for 2021 will reflect, with respect to these bonds: a. Only the interest income generated by the bonds during the year. b. The interest income generated by the bonds plus $ 50,000 c. Only $ 50,000. d. It cannot be determined from the information provided. two 6. A company bought bonds in 2021, with the intention of holding them until maturity. As of December 31, 2021, the market value of the bonds had increased by $ 50,000. The statement of income and expenses for 2021 will reflect, with respect to these bonds: a. Only the interest income generated by the bonds during the year. b. The interest income generated by the bonds plus $ 50,000 c. Only $ 50,000 d. It cannot be determined from the information provided