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Par Inc owns 78.13% of Sub Corp. On January 1, Year 3, Sub purchased $150,421...

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Accounting

Par Inc owns 78.13% of Sub Corp. On January 1, Year 3, Sub purchased $150,421 face value of Par's 11.43% bonds for $124,981. On that date, Par's total bond liability consisted of $300,842 face-value bonds with an unamortized bond discount of $25,095. Interest payments are June 30 and December 31 each year. Straight-line method is used for bond amortization. Both companies have a Dec 31 year end. What amount would be shown on Par's Consolidated Statement of Financial Position under Bonds Payable on Dec 31, Year 3?
a.
$128,694
b.
$135,650
c.
$132,172
d.
$139,128
e.
$142,606

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