On January L, Besalius Inc. issued $1,000,000, 9% bonds (SO 1( toi $939,000. The market rate of

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On January L, Besalius Inc. issued $1,000,000, 9% bonds (SO 1(

toi $939,000. The market rate of interest lor these bonds is it)",,. Interest is payable annually on December 31.

Besalius uses the effective-interest method of amortizing bond discount. At the end of the first year, Besalius should report unamortized bond discount of:

a. $54,900.

b. $57,100.

c. $51,610.

d. $51,000.

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