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Conduit Inc. purchased $10,000 bonds at a discount for $9,000

/in /by

Conduit Inc. purchased $10,000 bonds at a discount for $9,000 on the

open market as an investment. Conduit, Inc. has the intent and ability to hold these bonds to maturity. Conduit Inc. does not take the fair value option.
1. How should Conduit Inc. account for the bonds?
a. Amortized cost
b. fair value
c. Historical cost

2. Held-to-maturity investments recognize:
a. Unrealized gains and losses
b. Realized realized gains and losses when sold
c. Interest when earned

 
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