What portion is market discount, Financial Accounting

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What portion is market discount

Market Discount

Response to the following problem:

On January 1, 2014, Dolly pays $9,380 for corporate bonds. The bonds were originally issued on January 1, 2009 for $9,330 and have a $10,000 face value. They mature on January 1, 2034. The bond's amortized carrying value (ACV) on January 1, 2014 was $9,450. What portion of the $620 difference between the $9,380 Dolly paid for the bonds and their $10,000 face value is OID?

What portion is market discount?

Discuss how Dolly treats these amounts on her tax return.

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Financial Accounting: What portion is market discount

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