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Parrish Industries has bonds outstanding (originally sold for $5,400,000) in the amount of $5,900,000 with a current bond discount of $100,000. The bonds were selling
Parrish Industries has bonds outstanding (originally sold for $5,400,000) in the amount of $5,900,000 with a current bond discount of $100,000. The bonds were selling at 104 on the market at its year end. What should be the balance of the Fair Value Adjustment on Bonds Payable? O A. $336,000 credit balance O B. $100,000 credit balance OC. $100.000 debit balance OD. $336,000 debit balance
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