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On October 1, 2020, Ivanhoe Company purchased 820 of the $1000 face value, 8% bonds of Tamarisk, Inc., for $946000, including accrued interest of $16600.
On October 1, 2020, Ivanhoe Company purchased 820 of the $1000 face value, 8% bonds of Tamarisk, Inc., for $946000, including accrued interest of $16600. The bonds, which mature on January 1, 2027, pay interest semiannually on January 1 and July 1. Ivanhoe used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Ivanhoe's December 31, 2021 balance sheet, the carrying value of the bonds is
$924120.
$920800.
$929400.
$907520.
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