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Use the Following Information to Answer Bellow Questions

Question 27

Multiple Choice

Use the following information to answer bellow Questions:
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.
-On its 2019 balance sheet, Ola reports the investment at:


A) $389,678
B) $392,965
C) $400,000
D) $392,456

Correct Answer:

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