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On October 1, 2006, Brick purchased 100 of the $1,000 face value, 8% bonds of Ice, Inc., for $117,000, including accrued interest of $2,000. The bonds, which mature on January 1, 2013, pay interest semiannually on January 1 and July 1. Brick used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Brick's December 31, 2008 balance sheet, the carrying value of the bonds is Group of answer choices $113,600. $112,000 $109,600. $110,880.

On October 1, 2006, Brick purchased 100 of the $1,000 face value, 8% bonds of Ice, Inc., for $117,000, including accrued interest of $2,000. The bonds, which mature on January 1, 2013, pay interest semiannually on January 1 and July 1. Brick used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Brick's December 31, 2008 balance sheet, the carrying value of the bonds is Group of answer choices $113,600. $112,000 $109,600. $110,880.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 1MC
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On October 1, 2006, Brick purchased 100 of the $1,000 face value, 8% bonds of Ice, Inc., for $117,000, including accrued interest of $2,000. The bonds, which mature on January 1, 2013, pay interest semiannually on January 1 and July 1. Brick used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Brick's December 31, 2008 balance sheet, the carrying value of the bonds is

Group of answer choices
$113,600.
$112,000
$109,600.
$110,880.
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