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Compute the carrying value of the bonds

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Question - On October 1, 2020, Blossom Company purchased 900 of the $1000 face value, 9% bonds of Splish, Inc., for $986000, including accrued interest of $19000. The bonds, which mature on January 1, 2027, pay interest semiannually on January 1 and July 1. Blossom used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Blossom's December 31, 2021 balance sheet, compute the carrying value of the bonds?

a. $967000.

b. $972600.

c. $968800.

d. $953600.

Reference no: EM132721830

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