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In the balance sheet, disclosure should include, for all long$-$term borrowings, the aggregate amounts maturing and sinking fund requirements $($if any$)$ for each of the next five years. Supplemental disclosures are needed for $($a$)$ off$-$balance$-$sheet credit or market risk, $($b$)$ concentrations of credit risk, and $($c$)$ the fair value of financial instruments.Which of the following statements about financial statement disclosures appropriate to long$-$term debt are true?

Note: Select all that apply.

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Both interest expense and interest revenue are reported among operating activities on the statement of cash flows.

Both interest expense and interest revenue are reported among operating activities on the statement of cash flows.

In a statement of cash flows, issuing bonds or notes are reported as cash flows from investing activities by the issuer and cash flows from financing activities by the investor.

In a statement of cash flows, issuing bonds or notes are reported as cash flows from investing activities by the issuer and cash flows from financing activities by the investor.

Long$-$term debt is reported at its face amount accompanied by a separate valuation account for the discount or premium.

Long$-$term debt is reported at its face amount accompanied by a separate valuation account for the discount or premium.

The fair value of financial instruments must be disclosed either in the body of the financial statements or in disclosure notes.

The fair value of financial instruments must be disclosed either in the body of the financial statements or in disclosure notes.