Parrish Industries has bonds outstanding (originally sold for $5,400,000) in the face amount of $5,800,000...
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Parrish Industries has bonds outstanding (originally sold for $5,400,000) in the face amount of $5,800,000 with a current bond discount of $100,000. The bonds wares selling at 104 on the market at its year end. What should be the balance of the Fair Value Adjustment on Bonds Payable? A. $332,000 credit balance B. $100.000 credit balance C. $332.000 debit balance D. $100.000 debit balance
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