John purchased State of Oklahoma general-purpose bonds at a cost of $3,400 in 2011.He receives $210 interest on the bonds in 2011,2012,and 2013.In 2013,he sells the bonds for $3,800.How much income does John recognize in each of the following years?
$$\begin{array} { c c c c }
& 2011 & 2012 & 2013 \
\text { a. } & - 0 - & - 0 - & - 0 - \
\text { b. } & - 0 - & - 0 - & 400 \
\text { c. } & 210 & 210 & 210 \
\text { d. } & 210 & 210 & 570
\end{array}$$

Question

John purchased State of Oklahoma general-purpose bonds at a cost of $3,400 in 2011.He receives $210 interest on the bonds in 2011,2012,and 2013.In 2013,he sells the bonds for $3,800.How much income does John recognize in each of the following years?
$$\begin{array} { c c c c } 
& 2011 & 2012 & 2013 \
\text { a. } & - 0 - & - 0 - & - 0 - \
\text { b. } & - 0 - & - 0 - & 400 \
\text { c. } & 210 & 210 & 210 \
\text { d. } & 210 & 210 & 570
\end{array}$$

Quizplus · Accepted Answer

The Answer of John purchased State of Oklahoma general-purpose bonds at a cost of $3,400 in 2011.He receives $210 interest on the bonds in 2011,2012,and 2013.In 2013,he sells the bonds for $3,800.How much income does John recognize in each of the following years?
$$\begin{array} { c c c c } 
& 2011 & 2012 & 2013 \
\text { a. } & - 0 - & - 0 - & - 0 - \
\text { b. } & - 0 - & - 0 - & 400 \
\text { c. } & 210 & 210 & 210 \
\text { d. } & 210 & 210 & 570
\end{array}$$

John Purchased State of Oklahoma General-Purpose Bonds at a Cost