Parrish Industries has bonds outstanding (originally sold for $5,400,000) in the amount of $6,000,000 with a current bond discount of $100,000. The bonds were selling at 104 on the market at its year end. What should be the balance of the Fair Value Adjustment on Bonds Payable?
A) $340,000 debit balance
B) $840,000 debit balance
C) $840,000 credit balance
D) $340,000 credit balance
Answer: D
Business
You might also like to view...
Individuals who believe both parties can get their needs met in a con?ict are called
A) avoiders B) compromisers C) accommodators D) collaborators
Business
Repeated exposure to very thin "ideal" figures in promotional messages leads to negative self-perceptions (particularly in women) and is partially responsible for the increase in eating-related disorders
Indicate whether the statement is true or false
Business