A company holds a $100,000 face value corporate bond, bought January 1, 2023, paying 3%...
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Accounting
A company holds a $100,000 face value corporate bond, bought January 1, 2023, paying 3% annually on December 31, and maturing December 31, 2025. The company paid $102,884 for the bond, to yield 2%. The company categorizes the bond as a held-to-maturity investment, and its accounting year ends December 31. What amount will the company report as interest revenue on the bond for 2024? Round answers to the nearest dollar.
Select one:
a. $2,058
b. $2,039
c. $3,000
d. $2,000
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