HELPPPP

Under U.S. GAAP, unamortized discount on bonds payable appears: O In the income statement as "unearned interest revenue." In the balance sheet as a contra liability account. In the balance sheet as an asset. O None of the above, unamortized discount is not reported in the financial statements Hamilton Corp. purchases two patents in a basket purchase for a total cost of $9,000,000. The patents acquired and their estimated fair values are: Patent Q = $2,000,000 and Patent Z- $8,000,000. The cost of Patent Q should be recognized at: $1,600,000 $1,800,000 $2,000,000 $7.200.000