Question:On January 1, Besalius Inc. issued 1,000,000,9%bondsfor939,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Besalius uses the effective-interest method of amortizing bond discount. At the end of the first year, Besalius should report unamortized bond discount of:
A $54,000
B $57,100
C $51,610
D $51,000
+ AnswerB
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