The City of Sycamore has investments in bonds. These bonds have an amortized cost of $1,997,000. At year end, the financial press reports a market value of $2,002,600 for these bonds. The original cost of the bonds was $1,993,000. The par value at maturity will be $2,000,000. The amount at which the investments would be reported is:
A. $1,997,000.
B. $2,000,000.
C. $2,002,600.
D. $1,992,000.
Answer: C
Business
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