What is the amortized carrying value of the bonds


On January 1, 2009, Rob pays $92,550 for corporate bonds that have a $100,000 face value. The bonds were originally issued 10 years earlier for $94,660. Prior to January 1, 2009, the previous owner had included $3,100 of original issue discount (OID) in gross income. On January 1, 2009, what is the amortized carrying value of the bonds ?

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Accounting Basics: What is the amortized carrying value of the bonds
Reference No:- TGS089443

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