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0.5 points Doring 2014, Dana Co. purchased 2,000,000, 9% bonds. The carrying value of the bonds at December 31, 2015 was $1,950,000. The bonds pay
0.5 points Doring 2014, Dana Co. purchased 2,000,000, 9% bonds. The carrying value of the bonds at December 31, 2015 was $1,950,000. The bonds pay interest on January I and July 1. Dana sells the boods on July 1, 2016, for 5980,000, after the interest has been received. Dana uses effective interest amortization (10% effective interest rate). The gain on the sale is A. $2.500. 9 B. $10,000. C. 57.500 D. $6,250
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