On January 1, 2011, Nadir Company issued $1,000,000 of 6%, 20-year bonds when the market rate of interest was 5%.

On January 1, 2011, Nadir Company issued $1,000,000 of 6%, 20-year bonds when the market rate of interest was 5%. The bonds pay interest annually on December 31. On its balance sheet at December 31, 2011, Nadir will show bonds payable of $1,000,000 ________.

minus the unamortized discount

plus the unamortized discount

minus the unamortized premium

plus the unamortized premium

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