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Use the Following Information to Answer the Question(s)below

Question 10

Multiple Choice

Use the following information to answer the question(s) below.
Pfadt Inc.had $600,000 par of 8% bonds payable outstanding on January 1,2011 due January 1,2015 with an unamortized discount of $12,000.Senat is a 90%-owned subsidiary of Pfadt.On January 2,2011,Senat Corporation purchased $150,000 par value of Pfadt's outstanding bonds for $152,000.The bonds have interest payment dates of January 1 and July 1.Straight-line amortization is used.
-Bonds Payable appeared in the December 31,2011 consolidated balance sheet of Pfadt Corporation and Subsidiary in the amount of


A) $398,925.
B) $441,000.
C) $443,250.
D) $450,000.

Correct Answer:

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