State whether each of the following is true or false:

-If a bond is bought at a discount, the amortized book value of the bond investment will increase as the bond approaches maturity.

-Passive investments other than held-to-maturity investments are reported on the balance sheet at fair value.

-The sale of a stock from the available-for-sale securities portfolio creates a gain or loss on the income statement based on the difference between the stock's original cost and its selling price.

-A decline in the fair value of the available-for-sale securities portfolio reduces assets and net income.

-Held-to-maturity bond investments must be reported on the balance sheet at fair value.