9) ABC has $100,000 loss carryforward, which resulted in deferred tax assets of $20,000. If it is estimated ABC can earning only enough income to use 1/4 the loss of carryforward, which of the following should be the necessary adjustment to ABC's deferred tax assets?

a) credit $15,000

b) credit $5,000

c) debit $15,000

d) debit $5,000

10) The unamortized premium of ABC's 1,000, 5-year, 8% convertible bonds (par $1,000) is $30,000. The carrying value of the bond is:

a) $1,030,000

b) $970,000

c) $30,000

d) $1,000,000