All of the following statements regarding held-to-maturity debt securities are true except
A) premiums and discounts must be amortized over the remaining life of the bonds.
B) the debt securities should be valued at market value.
C) the realized gain or loss is the difference between their amortized cost and the proceeds from their sale.
D) interest income may be debited at the time of acquisition.
Correct Answer:
Verified
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