The City of Sycamore has investments in bonds. These bonds have an amortized cost of $1,996,000. At year end, the financial press reports a market value of $2,002,000 for these bonds. The original cost of the bonds was $1,992,000. The par value at maturity will be $2,000,000. The amount at which the investments would be reported is:
A) $2,002,000
B) $2,000,000
C) $1,996,000
D) $1,992,000
Ans: A) $2,002,000
Business
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