On January 1 of the current year, Points Incorporated acquired a $100,000 bond originally issued by its subsidiary. The bond, which pays $9,000 interest every December 31, was originally issued by the subsidiary to earn an 8% effective interest rate. The bond had a book value of $104,000 on January 1 of the current year. Points pays $95,000 indicating an effective interest rate of 10%. What amount of interest income should be eliminated in the current year?   Multiple Choice $9,560 $8,320 $10,000 $9,500 $10,400

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A:

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Q: RebecoCa entity, purch o 'aɔr

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