Interest revenue on bonds is reported

a. as an addition to the Investment in Bonds account.

b. as part of other income.

c. as part of operating income.

d. as part of Comprehensive Income but not as part of Net Income.

2.

Held-to-Maturity securities

a. include both stocks and bonds.

b. are reported at their fair market value on the balance sheet date.

c. are primarily purchased to earn interest revenue.

d. all of these choices are correct.