Kerry Corporation Acquires the Publicly Traded Debt of Jett Corporation

Kerry Corporation acquires the publicly traded debt of Jett Corporation on December 31, Year 1 as a temporary investment of excess cash.The securities mature in 4 years.How will the securities be recorded on Kerry's December 31, Year 1 financial statement?

A) as long-term investment in marketable equity securities
B) as current assets-marketable securities
C) as bonds payable
D) as short-term investment in marketable equity securities
E) in a reserve account for future operating cash needs