When a bond's issue price is greater than its face value, the bond must be reported on the balance sheet at its
A) face value.
B) maturity value.
C) issue price.
D) carrying value.

Name: When a bond's issue price is greater than its face value, the bond must be reported on the balance sheet at its A) face value. B) maturity value. C) issue price. D) carrying value.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The bond must be reported at its carrying value, which is the issue price plus any amortized premium over time.

When a Bond's Issue Price Is Greater Than Its Face