by Dan | Dec 15, 2019 | Accounting
7/1/2015, individual John acquires in the open market a bond of corporation xyz having stated redemption price of $10,000 and maturity date of 12/31/2017 for $9000.On 12/31/2016, when the bond has accrued market discount of $600. a sell the bond for $8500.(1)How much...
