Riedy purchased (on 7/1/21) $1,000,000 of HTM, 8% bonds for $904,000. The bonds mature on January 1, 2029; Straight-line amortization is used. The 12/31/22 bond carrying value is:

Select one:

a. $910,400

b. $916,800

c. $910,000

d. $923,200

e. $897,600

Under the equity method of accounting for equity investments, an investor decreases the amount of the investment account based on the:

Select one:

a. Investor recording a decrease in market value of the investee's shares

b. Investee receiving a dividend

c. Investee paying dividends

d. Earnings reported by the investee in its financial statements