B. face value plus brokerage fees and other costs incident to the purc
hase.
C. market value.
D. lower of cost or market.
20) When an investor‟s accounting period ends on a date that does N
OT coincide with an interest receipt date for bonds held as an investm
ent, the investor must
A. make an adjusting entry to debit Interest Receivable and to credit
Interest Revenue for the total amount of interest to be received at the
next interest recei