Originally issued 10 years earlier for 94660. prior to, Ask an Expert

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Originally issued 10 years earlier for $94,660. Prior to January 1, 2009, the previous owner had included $3,100 of original issue discount (OID) in gross income. On January 1, 2009, the amortized carrying value of the bonds is:

a. $95,650.

b. $92,550.

c. $96,900.

d. $93,800.

e. $97,760.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M969819

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