When long-term debt investments are accounted for using the amortized cost (AC) method?

Select one:

a. the book value is not adjusted to the investments fair value at the end of the accounting so, unrealized gains or losses are never recorded

b. the book value is adjusted to the investments fair value at the end of the accounting so unrealized gains or losses are recorded

c. the book value is adjusted to the investments fair value at the end of the accounting so a discount is recognized

d. the book value is not adjusted to the investments fair value at the end of the accounting so a premium is recognized