On January 1, Reagan Company purchased $15,000 of Delta Company's 12% bonds, acquired at par, as available-for-sale securities. The bonds pay interest on June 30 and December 31 each year. What amount should be recorded to the Investment in Available-for-Sale Securities account?
A) $15,900
B) $14,100
C) $15,000
D) $16,800
C
Business
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