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On January 1. 2018. Tiger Corporation acquired as long-term investment $600.000 of 86 bonds, dated January 1. Company management has the positive intent and ability
On January 1. 2018. Tiger Corporation acquired as long-term investment $600.000 of 86 bonds, dated January 1. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate yield was 10% for bonds of similar risk and maturity. Tiger paid $525,227 for the bonds. The company will receive interest semiannually on une 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2018, was $545,000-At what amount will Tiger report its investment in the December 31, 2018, balance sheet? O 512.154 $529.863. S545,000. O 5556.926
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