Question 21 Bonds purchased at a discount that are classified HTM should be on the balance sheet at Not yet answered Select one: Points out of 3.00 a. Cost b. Amortized cost P Flag question c. Fair value d. Lower of cost or market e. Higher of cost or market Question 22 Not yet answered On May 1, 2016, Walloon purchased $100,000, 8% bonds at 102 plus accrued interest. The bonds mature on 11/1/19. Straight-line amortization is used. Semi-annual interest is collected each May 1 and November 1. Walloon should report on the 12/31/16 balance sheet an interest Receivable of: Points out of 3.00 P Flag question Select one: a. $8,000 b. $4,833 c. $2,667 d. $4,000 e. $1,333