Sylvia Purchased for $1,610 a $2,000 Bond When It Was

question 122

Multiple Choice

Sylvia purchased for $1,610 a $2,000 bond when it was issued two years ago.Sylvia amortized $200 of the original issue discount and then sold the bond for $1,800.Which of the following statements is correct?

• A)Sylvia has $10 of long-term capital loss.
• B)Sylvia has $190 of long-term capital gain.
• C)Sylvia has no capital gain or loss.
• D)Sylvia has $190 of long-term capital loss.
• E)None of the above.

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