Carla Vista Corporation issued $5120000 of bonds at face value on January 1, 2024. Carla Vista chose the fair value option for th Donds. At December 31, 2024, the value of the bonds is now $4608000 because the market interest rates have increased. The ent On Carla Vista's books would include O No entry would be made. O a debit to Unrealized Holding Gain of $512000 a credit to Premium on Bond Payable of $512000 a debit to Bonds Payable of $512000

Carla Vista Corporation issued $5120000 of bonds at face value on January 1, 2024. Carla Vista chose the fair value option for th Donds. At December 31, 2024, the value of the bonds is now $4608000 because the market interest rates have increased. The ent On Carla Vista's books would include O No entry would be made. O a debit to Unrealized Holding Gain of $512000 a credit to Premium on Bond Payable of $512000 a debit to Bonds Payable of $512000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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