Multiple Choice
Interest revenue on bonds is reported
A) as an addition to the Investment in Bonds account
B) as part of comprehensive income but not as part of net income
C) as part of other revenue
D) as part of operating income
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q89: On May 1, Knox Inc. purchases $100,000
Q90: Any gains or losses on the sale
Q92: On April 1, Alliance Company purchased $50,000
Q93: The income statement for Hudson Company
Q95: Blanton Corporation purchased 35% of the outstanding
Q96: On September 1, Parsons Company purchased
Q97: Under the equity method, the receipt of
Q98: Journalize the entries to record the following
Q99: On February 12, Addison, Inc. purchased 6,000
Q155: When long-term investments in bonds are sold