FastChip is a manufacturer of components for cellular phones based in Boston, Massachusetts. Recently, the company acquired $10 million worth of 10-year bonds issued by Apple Inc. as an investment. The company does not intend to sell the bonds in the near future but may do so at some point in the future when the bond price significantly appreciates or the company is in the need for cash. Dan C., the controller of FastChip, asked for your advice on how to record the purchase of the Apple bonds and subsequent changes in the bond price in its financial statement. Provide the citations for all relevant topics/sections from professional standards that guide her on this issue. Be specific as to which topics/sections refer to what issue.