X Company purchased bonds issued by Z Company on November 1. Z Company's bonds pay interest semiannually on April 30 and October 31. X Company's financial statements at December 31 will include:
A) Interest Receivable and Interest Revenue.
B) Interest Payable and Interest Revenue.
C) Interest Receivable and Interest Expense.
D) Interest Payable and Interest Expense.
Correct Answer:
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