1) When bonds are purchased between interest dates, the accrued interest should be

A) Debited to investment in bonds

B) Credited to Interest Receivable

C) Debited to Interest Income

D) Credited to Interest Income

2) Zero-coupon bonds are bonds

A) Which have no detachable coupon warrants

B) On which no interest is paid

C) On which no interest expense accrues until the maturity date

D) On which the interest is not paid until the maturity date