When the bonds are sold for more than their face value, the carrying amount of the bonds is equal to
A) face value
B) face value plus the unamortized discount
C) face value minus the unamortized premium
D) face value plus the unamortized premium

Question

Quizplus · Accepted Answer

When bonds are sold for more than their face value, they are issued at a premium. The carrying amount of the bonds is equal to the face value plus the unamortized premium. Therefore, the correct answer is option D.

When the Bonds Are Sold for More Than Their Face