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What the ola reports interest revenue on corporate bond of

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Reference no: EM132471729

On January 1, 2019, Ola Company paid $388,900 for a $400,000 face value 3% corporate bond yielding 4%, interest paid annually on December 31, and classified it as held-to-maturity. Ola's reporting year ends December 31.

Question 1: On its 2019 income statement, Ola reports interest revenue on the corporate bond of?

Question 2: On its 2019 balance sheet, Ola reports the investment at?

Reference no: EM132471729

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