Kern company purchased bonds with a face amount of 600000, Ask an Expert

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Kern Company purchased bonds with a face amount of $600,000 between interest payment dates. Kern purchased the bonds at 102, paid brokerage costs of $9,000, and paid accrued interest for three months of $15,000. The amount to record as the cost of this long-term investment in bonds is:

A) $636,000.

B) $621,000.

C) $612,000.

D) $600,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
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