Question 7 (1 point) Saved Of the following statements concerning the tax treatment of interest income, which one is NOT correct? Accrued interest from the date of the last interest payment date will be added to the purchase price of a security. If there is accrued interest on a security, the seller includes the accrued interest in income and the purchaser deducts a corresponding amount from the interest received on the bond Corporations must accrue interest on a daily basis. Individuals must accrue interest using the cash basis