Cain Corporation Owns $10,000 of IBM Bonds

Cain Corporation owns $10,000 of IBM bonds. Some bonds are held for immediate sale, but others are held in terms of long-term appreciation. Which of the following is true about how Cain should account for this investment?

A) Cain should account for all the bonds as FV-NI.
B) Cain should account for all the bonds as FV-OCI.
C) Cain should determine the primary business purpose of the bonds, and account for the bonds according to that purpose, as all of a particular type of debt should be accounted for the same way.
D) Cain should determine the business purpose of each bond, and account for it according to that business purpose.