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Amazon purchased a 10-year, $50,000 bond at par on January 1st, 2017. The bonds stated interest rate is 5%, paid annually on June 30th. Amazon
Amazon purchased a 10-year, $50,000 bond at par on January 1st, 2017. The bonds stated interest rate is 5%, paid annually on June 30th. Amazon has the intent and ability to hold the bond for the full 10 years. As a result of changes in the overall economy, the bond has a fair value of $37,000 on March 31st, 2020. What value will Amazon show on their balance sheet on 3/31/2020 for this bond investment?
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